Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

If we do that, it will undoubtedly compromise our capacity to repay our debt and to be involved in housing and the SDZ. There are conflicting objectives here. The key to our success, as the Deputy so very kindly put it, has been cash generation. We must keep generating the cash and we have to do it while there is investor interest in Ireland. One does not know that there will be investor interest in Ireland in two, three or five years' time. I am not sure.