Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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From Mr. Makhlouf's answer, particularly his reference to Germany and Sweden, it is not necessarily the poorer, emerging economies in eastern Europe that are reverting more to cash.
Mr. Makhlouf is saying that some of the wealthier countries that have higher GDPs, like Germany, are doing it.