If we have to borrow €28 billion to replace the promissory notes, the interest at, say, 3% would be around €840 million per year.
The government, on its own initiative, chose to guarantee the depositors in Anglo. I would be very happy if the government sought to recover the money from those depositors whom it bailed out. If the other banks were depositors, by all means, impose a charge on them. But also impose it on the ordinary citizens and credit unions and pension funds who had deposits and bonds in Anglo.
Brendan