Oireachtas Joint and Select Committees
Thursday, 5 November 2020
Public Accounts Committee
2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund
11:30 am
Mr. Derek Moran:
On the day the Commission announced its decision, it actually suggested that the moneys be held by way of escrow. This is unprecedented. These are extraordinary amounts of money. Generally, when one is talking about state aid, one is talking about tens, 12s, 15s and 20s of million, not about €14 billion.