Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome the fact that it appears that the contingent liability which the State is carrying in respect of NAMA will not now be required because it appears NAMA will at least break even and hopefully generate a surplus for the Exchequer over time. When, in the Minister's view, can we expect that NAMA will have concluded its operations? NAMA's chairperson indicated that it hopes to have redeemed all of the senior debt by 2018. Does the Minister envisage that is around the timeframe when NAMA will have completed its work? There were reports last weekend that NAMA is about to sell €8 billion of loans in respect of its debtors. Can the Minister confirm if that is accurate? Also, can he give us any further information about the financial outturn he is expecting from NAMA?

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