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Fri 02 Feb 2010Bacon payment for property proposal refused

THE DEPARTMENT of Finance refused to pay fees to economist Peter Bacon for his evaluation of an outside proposal to buy unsold houses and apartments to lease them to local authorities, according to official correspondence released to The Irish Times.

Letters sent last June between the then National Treasury Management Agency chief executive Dr Michael Somers and David Doyle, secretary general at the department, reveal a difference of opinion between them over the payment of the fees to Dr Bacon.

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