Joan Burton (Dublin West, Labour)

----- that reasonably effectively sold bonds successfully for Ireland. The Minister compromised the NTMA by placing NAMA in it. Even at this point the Minister could reverse that decision before Ireland reopens the auctions to the bond markets. Why was NAMA not put into, for example, the Central Bank? The Minister decided to put it into the NTMA so that the principal people in the NTMA would not just have the responsibility for looking after selling Irish bonds but would also need to look after the mess that is NAMA. From a management point of view, it was a serious strategic error to mix up the two. In the time before we go back into bond auctions I advise the Minister to seriously reconsider what he did there.

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