Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Photo of Shane CassellsShane Cassells (Meath West, Fianna Fail)
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That comes back to the point that NAMA's failure with the procedural process leaves us with a whole raft of “what ifs” in terms of the questions Mr. McCarthy is raising. That is one aspect of its decision to go and pursue that strategy if it had not worked out.

The points raised by Deputy Peter Burke are pertinent here in respect of the Minister for Finance and in terms of the pressure. We know we have the Department of Finance officials coming in today. They claim they were not under pressure, yet the Minister for Finance says we needed to relieve this liability off the balance sheet from the State's point of view. Does Mr. McCarthy accept that contention from the Minister for Finance?