PAC, Project Eagle and a fuming finance minister

Noonan faced his detractors in the Dáil last week, but serious questions remain

Nobody was expecting another instalment of fireworks in the Dáil last Wednesday when it was time to debate the Public Accounts Committee’s (PAC) investigation into the sale of Project Eagle – but Michael Noonan had other plans.

The Minister for Finance was clearly incensed by the PAC finding that it was not “procedurally appropriate” for him to have met with the successful bidder Cerberus shortly before it purchased Nama’s Northern loan portfolio three ...