6 A Supplement with THE IRISH TIMES Monday, November 29, 2010

EU-IMF DEAL
The Fianna Fáil

“ government has shown

no backbone, no negotiating
ability and no authority." –
Labour leader Eamon Gilmore

HOW THE BANK BAILOUT HAS GROWN AND GROWN: THE STORY SO FAR
BAILOUT 1 BAILOUT 2 BAILOUT 3 BAILOUT 4
FEB-MAY 2009 MARCH 2010 SEPT 2010 YESTERDAY

¤50bn ¤60bn*
¤35bn + ¤25bn
CONTINGENCY FUND
¤11bn * Some ¤2billion of the ¤10billion
up-front recapitalisation of the banks
will be used to help the banks sell
“non-core” assets to shrink their
business

AIB
¤10.4bn ¤15.6bn
¤3.5bn ¤7.4bn

25%
GOVERNMENT
STAKE (Indirect)
GOVERNMENT
STAKE 18% GOVERNMENT
STAKE 92%+
GOVERNMENT
STAKE 96%+
BANK OF IRELAND
¤3.5bn ¤5.7bn
GOVERNMENT
25%
STAKE (Indirect)
GOVERNMENT
STAKE 36% GOVERNMENT
STAKE 36%
GOVERNMENT
STAKE 70%+*
* Bank to attempt to raise capital on its own

ANGLO IRISH BANK

¤34bn
(worst-case scenario)

¤22bn ¤29bn
¤4bn
STAKE 100%
GOVERNMENT GOVERNMENT
STAKE 100% GOVERNMENT
STAKE 100%
IRISH NATIONWIDE
¤5.4bn
¤2.7bn
GOVERNMENT
STAKE 100% GOVERNMENT
STAKE 100%
EBS
¤875m ¤1.3bn
GOVERNMENT
STAKE 100% GOVERNMENT
STAKE 100% GOVERNMENT
STAKE 100%
IRISH LIFE & PERMANENT
¤145m
TO BE RAISED ON ITS OWN:
¤243m
TO BE RAISED ON ITS OWN:
STILL IN PRIVATE HANDS STILL IN PRIVATE HANDS