Only depositors should have been safeguarded

BRIAN Lenihan’s “final” fix for our banks would cost €110bn, less present value of amounts recovered through NAMA. Net cost: no less than €90bn.

Add the current national debt and pending exchequer deficits, by December 2012 the total would be no less than €226bn. At an improbable 4.46%, every man, woman and child would pay €2,400 in interest.

Total: €10bn per annum. No reasoned projection of economic progress can include such withdrawals from Ireland.