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 Catherine ConnollyCatherine Connolly (Galway West, Independent)
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The narrative I am referring to is that of NAMA repeatedly in the press and in various public statements. That narrative related to the 5.5% rate predominantly and to the Comptroller and Auditor General's attachment to some type of accountancy fantasy. I used the right terminology this morning. The witness has appeared before the committee today and I welcome that as it is important. However, I am not sure why the Department of Finance has an opinion at all on the 5.5% rate.