Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent)
Link to this: Individually | In context | Oireachtas source

I am looking at the chapter dealing with the cost of the bank stabilisation measures for the end of 2016. It seems to be set out there are serious costs in that regard and we are still paying them. These are very simple questions and I tend to be kind of straight and simple, for want of a better word. Figures and monetary terms can be used to overwhelm us. A bank that existed for property speculation is still causing a huge financial cost in 2017. Is that right? Was it worth it and was there value for money?