27/08/2009
Lenihan 'Hysterical' Over NAMA, Say Opposition
Fine Gael have branded the Dáil finance minister's response this morning to criticism over the national assets agency plan as "hysterical".
Minister Lenihan leapt to the defence of the Government's proposal for the implementation of the National Assets Management Agency (NAMA), which would buy up the state's toxic debts, after a ream of criticism over the scheme by opposition parties, especially the Fine Gael TD Richard Bruton.
The scheme also came under fire in a published letter by some 20 of the countries leading economists, who claimed a plan of nationalisation for the banks would be a less risky and costly alternative.
However, Mr Lenihan criticised the dissent against his policy, saying: "I am very concerned about the use of this nationalisation word in the debate because I believe with the general public it seems to connote an idea that somehow there is something we can get for nothing here."
He said it would cost €4 billion to compensate the shareholders of AIB and the Bank of Ireland if they were taken into state ownership and he claimed it would then be far more difficult to keep them funded.
Now the Fine Gael party have called his response "hysterical" adding that the NAMA plan was falling apart.
Fine Gael's George Lee said: "The hysterical attacks by Brian Lenihan yesterday on Richard Bruton are the surest sign that the Fianna Fail attempt to bail out their banker and developer supporters via the NAMA gamble is beginning to fall apart.
"The Fianna Fail attacks on Richard Bruton would be laughable if it wasn't such a serious issue."
Mr Lenihan is expected to produce a final draft of the NAMA legislation before the Dáil returns on September 16.
(DW/BMcc)
Minister Lenihan leapt to the defence of the Government's proposal for the implementation of the National Assets Management Agency (NAMA), which would buy up the state's toxic debts, after a ream of criticism over the scheme by opposition parties, especially the Fine Gael TD Richard Bruton.
The scheme also came under fire in a published letter by some 20 of the countries leading economists, who claimed a plan of nationalisation for the banks would be a less risky and costly alternative.
However, Mr Lenihan criticised the dissent against his policy, saying: "I am very concerned about the use of this nationalisation word in the debate because I believe with the general public it seems to connote an idea that somehow there is something we can get for nothing here."
He said it would cost €4 billion to compensate the shareholders of AIB and the Bank of Ireland if they were taken into state ownership and he claimed it would then be far more difficult to keep them funded.
Now the Fine Gael party have called his response "hysterical" adding that the NAMA plan was falling apart.
Fine Gael's George Lee said: "The hysterical attacks by Brian Lenihan yesterday on Richard Bruton are the surest sign that the Fianna Fail attempt to bail out their banker and developer supporters via the NAMA gamble is beginning to fall apart.
"The Fianna Fail attacks on Richard Bruton would be laughable if it wasn't such a serious issue."
Mr Lenihan is expected to produce a final draft of the NAMA legislation before the Dáil returns on September 16.
(DW/BMcc)
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15 September 2009
Labour Organises Anti NAMA Protest
The Irish Labour Party has today revealed it will hold a protest against the Government's proposed debt tackling agency. On the party's official website today, details of the protest were posted, asking visitors to "show your opposition to NAMA" during a demonstration at 1pm next Wednesday, September 16 at Leinster House.
Labour Organises Anti NAMA Protest
The Irish Labour Party has today revealed it will hold a protest against the Government's proposed debt tackling agency. On the party's official website today, details of the protest were posted, asking visitors to "show your opposition to NAMA" during a demonstration at 1pm next Wednesday, September 16 at Leinster House.
02 December 2010
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
02 September 2009
Fine Gael Say Green's NAMA Talk 'Garbage'
The 'toxic debt' agency debate has heightened once more, as opposition party Fine Gael claims the government-allied Green party are talking "self-serving garbage" over the establishment of the new asset agency.
Fine Gael Say Green's NAMA Talk 'Garbage'
The 'toxic debt' agency debate has heightened once more, as opposition party Fine Gael claims the government-allied Green party are talking "self-serving garbage" over the establishment of the new asset agency.
03 February 2011
NAMA Boss 'Disappointed' In McKillen Victory
The top executive in Ireland's toxic assets management agency has this morning described a ruling in favour of developer Paddy McKillen by the Supreme Court as "disappointing". Mr McKillen, who is originally from Belfast, won his appeal against the transfer of €2.
NAMA Boss 'Disappointed' In McKillen Victory
The top executive in Ireland's toxic assets management agency has this morning described a ruling in favour of developer Paddy McKillen by the Supreme Court as "disappointing". Mr McKillen, who is originally from Belfast, won his appeal against the transfer of €2.
08 September 2009
Fine Gael Reveal Election Priorities
As the second day of the Fine Gael Parliamentary Party meeting in Cavan unfolds, the party has revealed what will its focus issues will be during the next general election.
Fine Gael Reveal Election Priorities
As the second day of the Fine Gael Parliamentary Party meeting in Cavan unfolds, the party has revealed what will its focus issues will be during the next general election.
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