Note from Yogans link.
Estimated net outturn to the State from banking stabilisation
measures as at end-2018 €41.7bn
Estimated long-term recurring annual cost of servicing the debt €1.1 billion to €1.3 billion a year
That means each and every year forever as we are not able to €0 the debt off.
Range assuming interest rates of 2.5% to 3.0% per year; actual cost will be determined by the
amount realised from remaining investments and by State’s cost of borrowing.
On a good day (not today) we might get €10bn for our banks shares if we sold them, But that still leaves us paying €800-900m a year in interest, forever and ever and ever and ever more.
Put another way, every working taxpayer now pays at least €50 a year simply for the privilege of owning these turds, no matter whether we sell them off or not.