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
David Cullinane (Waterford, Sinn Fein)
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The figure the Government uses is 5,000. That number of homes built on an annual basis would resolve the housing crisis. Five thousand homes could be built every year and yet we are spending this money on debt relating to private institutions that we had no legal obligation to bail out, certainly before the bank guarantee. We are talking about a housing crisis that could be sorted and not be a problem if we did not have this debt hanging over us.