Eamon Gilmore (Dún Laoghaire, Labour)

The draft plan, as the Taoiseach calls it, is beginning to read more and more like a daft plan. The Taoiseach's Minister for Finance stated 40% of loans were performing in the draft or daft plan that was presented to us for NAMA. The Taoiseach is now acknowledging that it is 25%. Originally, we were told the discount applied would be 30%. Of course, it turned out that when NAMA got to work on it, more aggressively it appears than anyone in Government, the discount is significantly more. The real situation is that what the Taoiseach has presented to us and what has been presented to us repeatedly by Government in respect of NAMA has turned out in the cold light of day not to be accurate. The Taoiseach has been way off. He was way off on the numbers of performing loans.

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