Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Mr. Gabriel Makhlouf:
I cannot remember off the top of my head, to be honest. What I know is that if you travelled to Germany, you would be surprised how often people do not take plastic. Therefore, even countries as big as Germany and Austria have different attitudes. Maybe Austria is eastern Europe. We have seen in Sweden, which is not part of the euro system, that cash was pretty close to disappearing, although that has now been paused. The Netherlands is much further down. Different societies are reacting differently to how they want to use cash.
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