Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017
9:00 am
Kate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source
My personal view would be that if someone is going through the treatment and has led a life without any litigation, that the easiest thing to do would be to fill in a form. To me, it would be €25,000 for peace of mind, not to drag people through the indignity of this. However, I am not in their position and neither is Mr. Breen. It seems obvious that might be easier for them. It seems we have created another problem this morning with the drip feed of information.
I return to the opening statement. It refers to the divestment of all global exposures and the focus on a low-carbon, climate-resilient and sustainable economy with the Ireland Strategic Investment Fund, ISIF. While I am all for that, are we not at risk of putting all our eggs in one basket again? If we are divesting all into Ireland and if something extraordinary happened, are we not, yet again, exposing the people of Ireland to another crash? It focuses on the low-carbon and green agenda - which I am all for - but it needs new technologies. If the NTMA cannot get the IT system right, maybe it will not get this right. It seems irresponsible to put all of the eggs in one basket so soon. Would the witnesses agree with that or not? Perhaps Mr. O'Kelly could answer that.
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