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The Banks

  • 11-02-2013 10:31pm
    #1
    mick kk
    Registered Users Posts: 356 ✭✭


    How much money has gone into the banks?
    The media keep saying €64 billion made up of €30. 6 billion promisory note and 4 billion cash [IBRC]. This leaves about 30 billion - was that from the NPRF?

    Then, as part of the bailout, €10 billion was for recapitalisation and €25 billion was a contingency fund for the banks - so has this money actually gone into the banks or did the not need it? If it has gone into the banks then it would then mean that the banks have cost €94 billion [€64 billion + €35 billion].
    Its all a litle confusing!


Comments

  • #2
    andrew
    Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 3,372 Mod ✭✭✭✭andrew


    moved to irish economy forum


  • #3
    antoobrien
    Registered Users, Registered Users 2 Posts: 6,106 ✭✭✭antoobrien


    mick kk wrote: »
    How much money has gone into the banks?
    The media keep saying €64 billion made up of €30. 6 billion promisory note and 4 billion cash [IBRC]. This leaves about 30 billion - was that from the NPRF?

    Then, as part of the bailout, €10 billion was for recapitalisation and €25 billion was a contingency fund for the banks - so has this money actually gone into the banks or did the not need it? If it has gone into the banks then it would then mean that the banks have cost €94 billion [€64 billion + €35 billion].
    Its all a litle confusing!

    Been covered a few times, doesn't help that most of the media couldn't find their ass with a map.

    Take a look at this thread to get a look at the figures. Please note despite the fact that the thread is from last year, the deal done last week will not change the total amount, just the source of funds.


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