Irish bank bailout: how it adds up | The Guardian
The total cost of the Irish banking bailout to taxpayers is now estimated at €50bn (£43.2bn), assuming the worst-case scenario for Anglo Irish Bank. Of this, some €35bn is debt and is unlikely to be recovered.
However, the €6.5bn to be injected into Allied Irish Banks and €3.5bn already invested in Bank of Ireland is regarded as an investment by the National Pension Reserve Fund, the sovereign wealth fund held by the government. The state is likely to recoup this €10bn and could even make a profit by selling the shares over time.
