Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:10 pm

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

I know I will not get an answer to my question, but could Mr. McVeigh put a round figure of three times what has been spent already? In other words, €10 million would be sufficient if 50% has already been restructured and that has cost €3.35 million. Would Mr. McVeigh agree with me that it is unlikely that more than another €10 million will have to be spent? It is a simple question, "Yes" or "No", in terms of the mathematics of the situation because 50% is 50%.

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