Just twenty two people owed the somewhat amazing figure of €25.5 billions to financial institutions in the country, a confidential report from 2008 has revealed.
Such report also estimated that banks would lose no more than €10.6bn, though this figure is subjective, depending on how transparent the banks were about the state of their finances.
The final figure for the cataclysmic bank bailout amounted to €64bn.
The final bailout figure amounted to €64bn.
After receiving the report, the then Taoiseach Brian Cowen claimed in the Dáil that ‘he was right to guarantee the banks, as they had more than enough cash to survive the next three years.’