Oireachtas Joint and Select Committees
Thursday, 17 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
Alan Kelly (Tipperary, Labour) | Oireachtas source
Does Mr. Mulcahy agree that the reference to a "disproportionate burden of effort" is really a reference to the fact that NAMA had on it four pressures? First, there was political pressure on the Northern side. There could have been none from the Southern side because that would not have been allowed. Second, there were diplomatic issues. Third, a lack of debtor engagement became an issue. Fourth, and for want of a better phrase, there was significant business risk. Does Mr. Mulcahy agree that what he just referenced and the four pressures correlate with the term "disproportionate burden of effort"?
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