Oireachtas Joint and Select Committees
Thursday, 4 May 2017
Public Accounts Committee
Bord na gCon: Financial Statements 2015
9:00 am
Mr. Pat Creed:
We have not got the capacity, based on current numbers, to grow our way out of the debt burden just by doing it that way. We need a substantial reduction of the debt. It has not been said already, but it needs to be said: the option was, we would sell it or the bank would sell it. It was better that we sold it.
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