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

I have gone through the matter. I do not want to take up the Deputy's time. I have gone through it with Deputy Catherine Murphy and again subsequently. That is all I am saying, that I believe it was not an option to work the assets out to 2020 and then sell everything in 2020. I do not think that was possible under the circumstances and under the way the legislation is framed. On the other side of it, I freely admit that there is a difference of opinion between the Comptroller and Auditor General's view on the process, the timeline and the discount rate and NAMA's view, and that results in a different estimation of value. I cannot-----

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