In case you missed the drip feed over the past year, that’s the total estimated figure so far (including impending recapitalisations) given by you, the citizen, to the banks – AIB, Bank of Ireland, Anglo Irish, INBS and EBS. It could end up being more. Remember that the State is borrowing money, or taking money from the National Pension Reserve Fund, in order to pay for these recapitalisations.
€27 billion rolls off the tongue doesn’t it? I am working with a friend on a visualisation of this amount, which we hope to publish soon.