Written answers
Tuesday, 3 November 2009
Department of Finance
National Asset Management Agency
8:00 pm
Kathleen Lynch (Cork North Central, Labour)
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Question 136: To ask the Minister for Finance his views on the recent comments by a professor of economics and recipient of the Nobel Prize for Economics (details supplied), in respect of the National Asset Management Agency and, in particular, the intention to overpay for distressed assets through the long term economic value mechanism; and if he will make a statement on the matter. [37672/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Government will of course take account of the opinions of expert commentators in relation to NAMA. However it is clear from recent commentaries that even the world's top economic commentators do not speak with one voice on this matter. It is a matter for us in Ireland to do what is necessary to protect our economy and our people having regard to our, perhaps more closely considered, understanding of the particular circumstances that apply.
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