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State could recoup €29bn from crisis

The Irish State could recoup more than 29 billion euro injected into AIB, Bank of Ireland, and Perma...
TodayFM
TodayFM

6:46 AM - 12 Jan 2015



State could recoup €29bn from...

News

State could recoup €29bn from crisis

TodayFM
TodayFM

6:46 AM - 12 Jan 2015



The Irish State could recoup more than 29 billion euro injected into AIB, Bank of Ireland, and Permanent TSB during the financial crisis.

That's according to the Minister for Finance Michael Noonan.

It would mean the 35 billion euro put into Anglo Irish Bank and Irish Nationwide would become the final cash cost to the exchequer of the country's banking collapse.

Writing in the Irish Times today, Minister Noonan also revealed Goldman Sachs is advising the government on its options in relation to AIB.



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