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Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

John Gilroy: Senator Byrne's comments on Senator Daly's previous use of privilege were very good and welcome, but he omitted to refer to the very rapid climbdown Senator Daly had to make in the House this year when he was challenged about unsubstantiated allegations of wrongdoing. We need to be very careful in how we express ourselves in the Chamber and have no ambiguity, or allow room for any ambiguity...

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

John Gilroy: NAMA's financial objectives are clearly set out in the latest report and include an immediate target to reduce its debt by 24% by 2013 and ultimately to achieve a surplus on its activities by 2020. This looks reasonable. It will be a great relief when this is achieved but it might not be all plain sailing and we might face some headwinds. How likely does the Minister think it is that the...

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

John Gilroy: Is the Minister concerned that some of the property disposed of by NAMA has not come onto the open market? If this is the case will the Minister offer an explanation for it? NAMA disposes of or approves of the disposal of a large amount of property each month estimated to be in the region of approximately €750 million. While we have every confidence in NAMA's abilities and oversight...

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

John Gilroy: It is very frustrating to be constantly interrupted when trying to make a point.

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

John Gilroy: It has been suggested that one way to amend NAMA legislation, which Senator Daly's Bill has not considered and which removes the possibility of placing NAMA at a commercial disadvantage, would be a requirement for NAMA to publish details after a fixed time, perhaps 12 or 18 months following the completion of a disposal. Perhaps the strengthening of the oversight role of the Office of the...

Seanad: Order of Business (24 May 2012)

John Gilroy: I just want to comment on the clarification offered by the National Treasury Management Agency, NTMA, yesterday following a helpful parliamentary question by the Fianna Fáil finance spokesperson in the Lower House. It stated its job to return to the markets next year would be made all the more difficult in the event of a "No" vote. The NTMA has stated this unambiguously and with certainty.

Seanad: Order of Business (24 May 2012)

John Gilroy: This follows on from comments made by the IDA chairman. When the Minister for Finance, Deputy Noonan, was on the Pat Kenny radio show this morning, he made some excellent points about how certain agencies, such as the Financial Regulator and the Central Bank, were criticised for remaining silent during the evolving crisis of the past few years but are now speaking out. Certain media and...

Seanad: Sports Capital Programme 2012: Statements, Questions and Answers (24 May 2012)

John Gilroy: Hear, hear.

Seanad: Sports Capital Programme 2012: Statements, Questions and Answers (24 May 2012)

John Gilroy: Not nearly as much was allocated to County Kerry under a previous Minister.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: That is just speculation.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: No, we are not Fianna Fáil. Those days have been left behind.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: That is correct.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: There is a convention evolving, whereby Senator Michael D'Arcy praised Senator Darragh O'Brien who, in turn, praised Senator Marie-Louise O'Donnell, but I cannot follow that convention and praise Senator David Norris because I did not understand a word he said. It seems that he just does not understand-----

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: I defer to the Senator's superior intellect in all matters.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: I can take it. I will start with another great word used by Senator Michael D'Arcy, "slushfundability", which Senator Darragh O'Brien has difficulty in understanding. To illustrate what Senator Michael D'Arcy meant by it, I can point to a certain boathouse in the constituency of a former Minister with responsibility for sport that cost so much it would probably have been cheaper to build...

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: There are also anomalies in the proportion of funding allocated to certain counties such as Donegal, Offaly and Kildare. I must acknowledge a certain former Minister in Waterford who resisted the temptation to do so. Senator Darragh O'Brien's reference to freedom of information requests has given me an idea to submit some requests covering the last few years. The national lottery reached a...

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: Luck had little to do with that.

Seanad: National Lottery: Motion (23 May 2012)

John Gilroy: Was it by luck again?

Seanad: Order of Business (23 May 2012)

John Gilroy: I refer to "The Frontline" debate on the fiscal stability treaty last Monday night. It was a good debate, which was illustrative of certain positions. I thought the Tánaiste and Minister for Foreign Affairs and Trade did well. He articulated a difficult position against a shallow argument from the opposition. As he said, throwing slogans will not solve problems. If people on the "No"...

Seanad: Order of Business (23 May 2012)

John Gilroy: If people would debate the content of the treaty, we might be wiser about their position-----

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