And a quick one for the start of the day tomorrow:
Let's do some arithmetic again:
Leni's Proposition 2: Through 2011 IRL Gov will need
- €18bn in deficit financing +
- €30-40bn in deposits shoring +
- €15bn in banks capital (note - some this can be spread over couple of years)+
- Banks losses cover of, say, another €10bn =
- Grand Total of 73-83bn.