Arthur Morgan (Louth, Sinn Fein)

I support the sentiment behind both amendments. On Committee Stage, I stated that I would prefer us to take the route of expanding the role of the Joint Committee on Finance and the Public Service which could then, in the interests of greater efficiency, establish a sub-committee to deal with this matter. However, it would be necessary to increase the membership of the joint committee in order to reduce the burden on those who currently serve on it. A precedent exists in this regard. The role of the Joint Committee on European Affairs was expanded in order to facilitate the process relating to the Lisbon treaty. There is no reason, therefore, why what I am suggesting, which might prove more cost-effective, could not happen.

I accept, however, that there is a legitimate argument in respect of establishing a dedicated committee to scrutinise the activities of NAMA and that this argument has significant merit. Some €54 billion of taxpayers' money is to be handed over to an organisation which has not been tested and in respect of which very little is yet known. Board members have not yet even been appointed. As a result, it is critical that the highest level of scrutiny should apply.

Accountability is essential. In that context, I hope the Minister will accept the sentiment behind these two amendments.

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