Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
Mr. Seamus McCarthy:
The proposal here was that the State would pay the higher figure. The EU looked at it and said that, on a one-off basis, because there is a crisis, it was prepared to accept there is an element of state aid in here – a subsidy to the banks. I think that is a better characterisation.
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