Eamon Gilmore (Dún Laoghaire, Labour)

The Taoiseach's reply to Deputies Kenny and Burton is unsatisfactory. It is now three months since the Government announced its intention to establish NAMA. We were informed through the budget statement at the time that legislation would be introduced as a matter of urgency. We are still no clearer in regard to when this legislation will appear. The Taoiseach's answer today is vague in terms of its stage of preparation. I am surprised to hear at this late stage, three months after the announcement of the initiative, of outstanding issues in regard to its constitutionality and EU approval. I would have expected those issues to have been clarified at this stage.

The Taoiseach has already told the House the Dáil will go into recess on 10 July 2009. When is it intended to reconvene the Dáil and will the NAMA legislation be before the House in the first week of its being reconvened?

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