Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Sheehy there, Deputy Murphy had raised the NAMA loan book with you. Could I maybe ask you, just to round that off, in relation to the loans acquired from AIB by NAMA, the overall discount rate amounted to 56% eventually. Would you like to comment upon that discount and do you think it was a high or low figure? Was the 56% haircut that was applied justified?