Michael McGrath (Cork South Central, Fianna Fail)
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Question 74: To ask the Minister for Finance if he has given his approval to the establishment of NewERA as a non-statutory body in the National Treasury Management Agency; if so, if he will provide details of the way that this will work; and if he will make a statement on the matter. [25504/11]

Michael Noonan (Limerick City, Fine Gael)
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I expect that an announcement on the establishment of and the practical arrangements for NewERA will be made shortly.