Kieran O'Donnell (Limerick City, Fine Gael)
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With due respect, if a VEC is moving premises resulting in a shortfall of the order of €16,500 per annum - a sinking fund - the basic principle, regardless of whether it is approved, is flawed.

While I do not know the circumstances, this was in 2006 and the VEC was paying a rent of €67,465. If the VEC could only get €51,000 in rent in July 2006, which was at the peak of the Celtic tiger when rental values effectively were out of control, why was the VEC paying €67,465 for the rental of a premises? Was it overpaying? For how long was it paying that level of rent? Can the Secretary General answer that question for me?