Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Public Accounts Committee
National Asset Management Agency Financial Statements 2013
11:30 am
Mr. Brendan McDonagh:
We must be careful around that but I think I said at the Oireachtas finance committee in October that, effectively, the wider considerations of the market have to be taken into account. We have come from a place where prices went down 55% and now there has been a recovery. We know there has been quite a strong recovery but if we look at the evidence of what has happened in other countries when they introduced measures - the Central Bank has its own job to do - they were probably introduced on a more phased basis than by way of a once-off implementation.
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