Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

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

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

That aspect is important for this committee. When the Minister for Finance was before the committee, he quoted €32 billion of contingent liabilities for the State in exiting the bailout and it was not an option to work all these loans out to 2020. We are reading NAMA strategy but things evolve as the pace in Europe gathers. Does Mr. McCarthy concur with the Minister's view? I know he is using work-out values in his report.

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