Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I welcome Mr. McDonagh and Mr. Williams. I was involved in the NAMA debates when the legislation was before the Seanad. As I have said, I envisaged that there would probably be a second or third NAMA Bill and, with the benefit of hindsight, there probably should have been. On a macro level, Mr. McDonagh and the former chairman, Mr. Daly, deserve great credit for achieving what they set out to do. The failing was in the legislation and in the fact that there was not a second or third NAMA Bill as matters became clearer. The failings we see are probably on the ethical rather than the statutory side at this stage, such as the lack of a social dividend and, arguably, the focus on supporting the construction industry to the extent it did. No doubt, books will be written on all these matters in the future but, on a macro level, our guests deserve great credit. I am sure it was an extremely busy but fast decade for them. I hope Mr. Daly is doing well and wish Mr. Williams well in his role.

Would our guests accept, looking back, that mistakes were made with regard to Project Nantes?