Oireachtas Joint and Select Committees
Thursday, 19 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
9:30 am
Professor Philip Lane:
The average has a differentiation behind it because it is not a proportional compensation. For those who suffered severe loss the absolute amount of compensation should be greater than in the case in respect of which the harm was less. It is just a fixed fraction in each case.
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