Comments on: €27 billion

By: Airijos bankų pelnas. Kur jis? | Eugenijus Ivanovas

Airijos bankų pelnas. Kur jis? | Eugenijus Ivanovas — Sun, 04 Apr 2010 01:29:19 +0000

[...] Kur jis? Kaip ir visame pasaulyje taip ir Airijoje kalbama apie bankų problemas, anot šio blogo ir galybės straipsnių laikraščiuose Airijos Vyriausybė davė/suteikė bankams paramos už 27 [...]

By: Eoin O'Mahony

Eoin O'Mahony — Tue, 30 Mar 2010 12:52:37 +0000

And you could get about 4 Large Hadron Colliders, and they’re more useful.

By: Tony S.

Tony S. — Tue, 30 Mar 2010 07:45:14 +0000

This might help – as a comparison, the total cost for reconstructing Haiti after the earthquake will be around 11.5 billion, according the The Economist

By: Stuart Kelly

Stuart Kelly — Mon, 29 Mar 2010 22:24:04 +0000

Speaking with an accountant friend of mine who see’s first hand businesses going pop almost on a daily basis. That’s seven business last week paying wages, VAT, PAYE, tax who are now not doing that.

Could or should there be a legal/constitutional challenge to the government unilaterally writing cheques to bail out the banks; the rationale is ‘because we need a working banking system’. Well don’t we also need a working economy which has small business at its core? Applying the rationale again to those thousands of businesses and citizens of the State who also need a cheque to bring them back to ‘normal’ – a pseudo NAMA Version 2.0 – anybody want to hazard a guess how much that would be? I’ll say it’s not far from ANOTHER €27bn

By: Conan Drumm

Conan Drumm — Mon, 29 Mar 2010 19:30:19 +0000

That’s just a bit more than the entire EU/IMF bail-out for Greece.

By: simon

simon — Mon, 29 Mar 2010 16:14:47 +0000

If you pilled 27 billion 1 euro coins the pile would be 62,910Km high and 202,500 tons in weight

By: Eoin

Eoin — Mon, 29 Mar 2010 14:44:06 +0000

We don’t need a visualisation. One can be seen here: http://url.ie/5jzb

By: Brian Flanagan

Brian Flanagan — Mon, 29 Mar 2010 12:18:40 +0000

Over the past few weeks, I estimated that the cost of the banking crisis is €35 billion in the “worst” case, and €24 billion in the “most likely” case. My worst case figure is higher than yours because I made a provision of €10 billion to cover eventual losses at Nama. More at http://www.planware.org/briansblog/

I’ll update my figures once the dust settles on Super Tuesday’s announcements.