Categories Uncategorized The fiscal impact of financial sector support during the crisis Post author By Philip Lane Post date September 16, 2015 1 Comment on The fiscal impact of financial sector support during the crisis ECB bulletin article – here. Related ← OECD Economic Survey: Ireland → New York Times: A Migration Juggernaut is Headed for Europe 1 reply on “The fiscal impact of financial sector support during the crisis” There are some interesting figures in this report. For example, three other countries (Greece, Cyprus, Slovenia) injected as much money, proportionately, into their banking system as Ireland from 2008-14. (The Irish net amount – equal to 22% of GDP – will reduce of course once the sale of AIB occurs.) Also, when you see that Germany capitalised its banks to the tune of 8% of GDP over the period (ie, about 270 billion euro), it gives the lie to the oft-repeated claim that “Ireland, with less than 1% of the EU population have been burdened with 43% of the cost of a European Banking crisis”. (http://www.sinnfein.ie/contents/32776). Comments are closed.