Life and debt
•In response to the hue and cry over mortgage debt forgiveness: the estimated cost at present to the state of the banks' mismanagement of the economy is currently at €85bn, €20bn of that from a raid on the National Pensions Reserve Fund. The bankers argued that they needed this liquidity to keep money flowing in the system.
The Central Bank estimated a loss of €280bn in Irish property value since 2008, an average drop of 50pc on an Irish home's value!
There are 770,000 residential mortgages collectively worth €115bn.