Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Public Accounts Committee
National Asset Management Agency Financial Statements 2013
12:00 pm
Mr. Brendan McDonagh:
I do not think we ever thought we were getting a good deal. The valuation parameters were set by the European Commission as to how the assets would be valued. As I have said, we ended up paying almost €6 billion more for the assets of the banks than the assets were worth but that was part of the European-----