Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

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

10:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

I have no issue with the second part of Mr. McEnery's analysis. Let me just say this, from my perspective and that of most of us here, the fact that this was not done was a weakness and it should have been done. On relying solely on in-house analysis, one always needs a second opinion. I will get back to that because I have limited time.

I laugh because I said this to the Chairman. There are a number of references to Brexit in Mr. Soffe's statement. The Chairman should remind me when Cheltenham comes around next to bring the board of NAMA with me because it seems to have a capacity to predict future outcomes. Obviously, Brexit was an issue in the sense that the previous British Prime Minister had referenced that it was coming, but the idea that Brexit formed part of the equation of analysis in relation pricing-----

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