How much would an AIB/BOI bailout cost?

jaycan

just wondering what sort of figures could the two main banks need if it goes tits up which it increasingly is looking like

2ygb4cmqetsjhx

Thinking about this just pisses me off. I'm going to bed.

jaycan

poor Vincent Brown wasjust about visibly upset by the state the country finds its self in financially and socially today

robd

Figure for Anglo is €35 billion [size=+2](35,000,000,000)[/size].

Figure for AIB and BOI combined is rumoured to also be circa €35 billion.

So somewhere north of €70 billion for total bank bailout.

The whole mess, bank bailout, property crash, recession will probably lead to a need to borrow over €100 billion. National debt was circa €35 billion before all this started. It's circa €90 billion as of today. Prob near to €150 billion when all this is over.

That's [size=+2]€150,000,000,000[/size]

I feel the need to print all the zeros as the word billion just doesn't show how big it is.

Dannyboy83

robd wrote: »

Figure for Anglo is €35 billion (35,000,000,000).

Figure for AIB and BOI combined is rumoured to also be circa €35 billion.

So somewhere north of €70 billion for total bank bailout.

I think it's closer to €80 bill.
(€34 for Anglo, €26 for AIB and €16 for BOI)

The whole mess, bank bailout, property crash, recession will probably lead to a need to borrow over €100 billion. National debt was circa €35 billion before all this started. It's circa €90 billion as of today. Prob near to €150 billion when all this is over.
That's €150,000,000,000
I feel the need to print all the zeros as the word billion just doesn't show how big it is.

National debt is just shy of €92billion today.
Difference of about a month basically.
http://www.finegael.ie/

I think €150bln is too optimistic, €170bln is the figure I've heard - assuming they recapitalise the banks using ECB funds.

robd

I was going by http://www.financedublin.com/debtclock.php which is a rather cool but very scary page. My figures are very very rough as are any figures you hear from the government. So I'm absolutely open to your higher figures.

Sticky_Fingers

robd wrote: »

Figure for Anglo is €35 billion (35,000,000,000).

Figure for AIB and BOI combined is rumoured to also be circa €35 billion.

So somewhere north of €70 billion for total bank bailout.

The whole mess, bank bailout, property crash, recession will probably lead to a need to borrow over €100 billion. National debt was circa €35 billion before all this started. It's circa €90 billion as of today. Prob near to €150 billion when all this is over.

That's €150,000,000,000

I feel the need to print all the zeros as the word billion just doesn't show how big it is.

I suggest you edit your post to increase the font size of those zeros. Many people are so punch drunk with millions, billions and trillions that they cannot comprehend what a billion truly is.

Heres a graphical representation of 1 billion Euros in 100 Euro notes

robd

Sticky_Fingers wrote: »

I suggest you edit your post to increase the font size of those zeros. Many people are so punch drunk with millions, billions and trillions that they cannot comprehend what a billion truly is.

I fully agree, hence why I printed the Zeros. I took you suggestion on board of the font size. Good image btw.

ei.sdraob

robd wrote: »

Figure for Anglo is €35 billion (35,000,000,000).

So far...

no one knows how deep that rabbit hole goes, every few months it just keeps growing.

danbohan

ei.sdraob wrote: »

So far...

no one knows how deep that rabbit hole goes, every few months it just keeps growing.

indeed , one wonders if their is a myxomatosis strain we could introduce that would effect bankers !

Mr.Micro

The Guardian today suggests it would cost €100 billion to bail the banks. Unbelievable for a population of 4.5 million.

ei.sdraob

Mr.Micro wrote: »

The Guardian today suggests it would cost €100 billion to bail the banks. Unbelievable for a population of 4.5 million.

Yeh S&P put figure at 90 billion last August, since then things went downhill of course.

since all the banks are nationalised (de-facto), every euro that gets removed by depositors will have to come from the taxpayer.

so things can get worse, much worse

BehindTheScenes

jaycan wrote: »

just wondering what sort of figures could the two main banks need if it goes tits up which it increasingly is looking like

More than this country has and certainly more than it can afford.:mad:

lucy2010

I posted this question yesterday - what exactly do we need a bail out for ?

Reading above its the bloody banks again................................


I received a call from BOI on Monday night looking for the balance of €32 yes you read correct €32 on my credit card which is due for payment by 4th december ... €32 friggin euro....... She got obnoxious when i stated payment would be sent by dec 1st .....

So do you know what we are living in lala land if we think it will stop at €90 billion..

cant even make a % of my measly €32 out of the billions...

So TBH im sick of the banks, sick of hearing about them, sick of the lies & mess they have us all in & sick to the teeth of them ringing me before payments are due......

jimmycrackcorm

Whether it is €70bn, €90bn or €150bn, what I cannot grasp is where that money went....? What actually accounts for it because I cannot envisage that the sum total of the production of our ghost estates adds up to any of those figures?

oppenheimer1

The EU will probably make €80 to €100bn available as they only want one bailout not a number of small ones. Its anyones guess as to what will actually be needed though, something some what less than that I hope. The curent best estimate of what we need is €50bn for the banks, 12+9+6+3 for the four year plan, so talk of €80bn almost seems bang on the money.

Helix

Dannyboy83 wrote: »

I think it's closer to €80 bill.
(€34 for Anglo, €26 for AIB and €16 for BOI)

sure i have that in me wallet in canadian dollars

ill bail yis out

Dannyboy83

jimmycrackcorm wrote: »

Whether it is €70bn, €90bn or €150bn, what I cannot grasp is where that money went....? What actually accounts for it because I cannot envisage that the sum total of the production of our ghost estates adds up to any of those figures?

Great post by Scofflaw here discussing that:
http://www.boards.ie/vbulletin/showthread.php?p=68962309#post68962309