Oireachtas Joint and Select Committees

Thursday, 19 May 2016

Committee on Housing and Homelessness

Tyrrelstown Residents

10:30 am

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Going back to the presentation, it is not that there is a simple choice between us calling on the banks or, in this case, the investment funds to do something or else the State picks up the full tab. There are a range of options available and the difficulty with Deputy Durkan's point is that the Minister, Deputy Noonan, will not agree with the kind of legislation required to make those short-term investment funds or vulture funds do what we would like. We know that as he has already said it on the record. There are other solutions available, somewhere in the region of what Deputy Coppinger is speaking about. There are options and we must pursue that path.