Oireachtas Joint and Select Committees
Thursday, 31 January 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Credit Union Advisory Committee: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
My last puzzle relates to the money that the credit unions have to invest. I have been advocating spending the credit unions' €7 billion on social housing, as has every other Member, and nothing has come out of it. Another figure was mentioned today of €14 billion. We now know why the credit unions cannot invest directly in recognised housing agencies and why there is no investment in that vehicle we were talking about in the context of a bigger investment at a national level. Where is the €14 billion and where is the €7 billion?
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