Dáil debates

Wednesday, 14 October 2009

National Asset Management Agency Bill 2009: Second Stage (Resumed)

 

6:00 am

Photo of Seán BarrettSeán Barrett (Dún Laoghaire, Fine Gael)

My simple question is that Anglo Irish Bank will hand over its debts to NAMA and NAMA will hand money back to Anglo, but there is a vast gap because they will not give back what they are taking. How does the Minister intend to handle the additional debt of Anglo in view of the fact that €4 billion has already been invested? How does the Minister intend to handle the additional debt and the gap between the assets handed over to NAMA and the money NAMA will hand back to Anglo Irish Bank? Will the Minister explain in simple language how he intends to handle this situation?

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