Oireachtas Joint and Select Committees

Wednesday, 16 November 2016

Public Accounts Committee

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

12:30 pm

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

There are two other sets of questions I wish to ask, one being on why there was a deviation from the kind of process that had occurred previously. Essentially, there was a bundling of loans. One of the reasons that was advanced was that there were political considerations that would have meant it was better to bundle and sell quickly. Some of that was in regard to the non-co-operation. When it became public, in an article in The Irish Times, I believe, that PIMCO was no longer involved, the intention was to proceed with the sale because there was concern over the political implications. Does Mr. McGuinness agree with this? Does he believe it would have been possible to go back to the drawing board and work through this process without political instability?

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