Oireachtas Joint and Select Committees
Thursday, 5 May 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
The optimum is 50%. If a bank or credit union has €100 million, it can afford to lend €50 million because even if every debtor defaulted, it would still have €50 million. Look at what the banks did in the 2000s, for God's sake. The credit unions did not do it, by and large. The credit unions were stable.
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