Seán Fleming (Laois, Fianna Fail)
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Yes. The next question we asked is whether the use of the NAMA surplus would require EU clearance because it would have to be done within EUROSTAT rules and we were told that no discussions had taken place with Europe yet. We asked what Europe's position was expected to be. The Department said that there is no other NAMA or anything like it in Europe so it does not believe Europe has even addressed the issue yet. I suppose the bottom line is that discussion has yet to take place. I am giving the Deputy the benefit of information obtained at a previous meeting.