Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Shane CassellsShane Cassells (Meath West, Fianna Fail) | Oireachtas source

I welcome the Minister and his team. Following on from what Ms Nolan said, it is not an issue of being right or wrong, it is a difference of opinion. The problem, of course, is that there is a difference of €190 million, which is not small change in anybody's language, especially in the context of the various discussions in which all Dáil Deputies will be involved next Tuesday. The Minister has said the Committee on Public Accounts is the right and correct forum in which to resolve the technical issues under discussion, but he has not been holding back in offering his views on the deal and pointing it in a direction or moulding a result, nor have his officials. He pointed towards the Comptroller and Auditor General and said he had listened to his evidence last week, in respect of when he had talked about a process working out to 2020 and said that, with respect, he disagreed, especially given that the ECB or the troika were breathing down his neck. Ms Nolan was more forthright and said that, from a policy point of view, it was not an option. As such, from the Minister's point of view, is this the done deal in terms of his summation of the issue and is it the case that the Comptroller and Auditor General is wrong?

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