Damien English (Meath West, Fine Gael)

The Minister is not finished. I understand that values have bottomed to 50% or less in some cases. That is fair enough, and indeed better than we had thought. However, in some cases developers might never be able to repay any of that because, as is evident at the moment, there is already €10 billion of rolled-up interest. Why should they start paying tomorrow when the assets are with NAMA? That is my concern.

The Minister has said previously that he will chase personal assets, if necessary, to have this money recouped. My concern is——

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