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400
350
300
250
200
150
10
50
0
’
The Recession
20bn
(400m weekly)
Annual defi cit (income shortfall
over expenditure) [.bn is
Ireland’s annual Tax revenue;
400bn
Bank Liabilities
guaranteed by
taxpayer
54bn
Bonds to be issued by
government to buy property
loans
Government will spend €
billion buying up loans with a
face value of € billion. The
current market value of the
loans is some € billion.
6bn
Probable additional
future taxpayer’s
funding to cover
Anglo’s liabilities
xxxxxxx
village_oct_09.indd 35 27/10/2009 15:38:37
