Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)

9:00 am

Mr. Ciarán Breen:

-----and Grünenthal, which is the original manufacturer. The Deputy is probably aware that Grünenthal and that particular scheme in Germany brought in a particular proviso whereby it increased the amount of money it was paying on a monthly basis but in order to join it up with every other place, it had a similar arrangement. It said that for a country making payments to it, those payments would be offset against any payments Grünenthal would pay at the much higher rate. That was a German law that came in, I believe, a couple of years ago.

Comments

No comments

Log in or join to post a public comment.