Oireachtas Joint and Select Committees
Wednesday, 8 October 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
European Stability Mechanism (Amendment) Bill 2014: Committee Stage
5:00 pm
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Yes, over a period. The question Deputy McGrath asked was whether it would be valued at the present value. Obviously, we would argue that the money provided would be based on future value, with a reasonable estimate of capital gains over a period until the point of sale. Another way to do it might be to say that whatever capital gains one realises, we would have to get 50%, 60% or 70% of it. There are various models once one gets down to the detail. I thank the three Deputies for their observations.