This hole is in the process of being filled by the Irish Government, which seized control of the bank in early 2009, and which has already injected sums equivalent to about 10 per cent of GDP, and will inject more in the coming months – most of which it does not expect to recover.
While the large majority of pandemic relief payments moved quickly via direct deposits to bank accounts, it took weeks to distribute relief payments in the form of prepaid debit cards and checks to households who did not have up-to-date bank account information with the Internal Revenue Service.