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The total cost in 1991 was £2.5 billion, equivalent to £3.3 billion in today's money.
Provisions of €3.2 billion, equivalent to two-thirds of Capitalia's market value, have been squirreled away.
In 2004 employers pumped £25 billion—equivalent to 2.2% of GDP into pension funds, more than double the amount in 2001 (see chart on previous page).
This helps to account for the strength of tax revenues last year and adds to worries that the government still ran a big budget deficit in 2005 of £42 billion, equivalent to 3.4% of GDP.
The bank reported net income of $6.8 billion £4.44 billion) and earnings per share of $1.68 £1.100), but said underlying earnings were $5.4 billion £3.55 billion), equivalent to earnings per share of $1.32 £0.866).
To pay for it, EPFR borrowed almost FFr130 billion (equivalent to €20 billion) from Crédit Lyonnais itself, in the process bolstering the bank's balance-sheet, since EPFR had an AAA-rating.
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The deficit will still be £79 billion ($124 billion), equivalent to 4.5% of GDP, in the final year of this parliament (see chart).
Joshua Bamfield, who co-ordinated the study, puts the total annual cost at around euro30 billion ($29 billion) equivalent to a shocking euro80 per person in the region.
According to Mr Stettler, Alstom, a French engineering group, has an order backlog worth €47 billion ($61 billion), equivalent to more than two years of revenue.
Yet early indications suggest that Mario Draghi, the president of the ECB, will be disappointed with the results of the scheme.In total the ECB hoped to lend €400 billion ($540 billion), equivalent to 4% of euro-zone GDP.
It has grown to A$41 billion ($32 billion), equivalent to 2.6% of GDP, for the fiscal year ending in June, from a projected A$30 billion a year ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com