"Was it worth paying €41.7 billion to bail out the Irish banks?"

Brendan Burgess

Founder
Messages
38,671
Hi peemac

That is very interesting.

But they also lost money through their Irish subsidiaries, didn't they?

Didn't the UK taxpayer effectively bail out Ulster Bank in Ireland?

Brendan
 

peemac

Frequent Poster
Messages
662
Yep - the amount stated in the media was specifically for the Irish arms of those banks, but many Irish borrowers buying international property were on the books of their UK operations, so the actual losses to Irish borrowers was a lot higher than just the figure of the local operations.
 
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