Oireachtas Joint and Select Committees

Wednesday, 8 October 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

European Stability Mechanism (Amendment) Bill 2014: Committee Stage

5:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

Yes, over a period. The question Deputy McGrath asked was whether it would be valued at the present value. Obviously, we would argue that the money provided would be based on future value, with a reasonable estimate of capital gains over a period until the point of sale. Another way to do it might be to say that whatever capital gains one realises, we would have to get 50%, 60% or 70% of it. There are various models once one gets down to the detail. I thank the three Deputies for their observations.

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