Results 20,961-20,980 of 26,731 for speaker:David Cullinane
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: I refer to all of the difficulties that the Department talked about.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: NAMA also talked about difficulties with debtors and pressures that justified its change in sales strategy. I do not know whether a briefing note is on the system here but I referred to it this morning. The briefing note is dated 6 November 2013 and the reference No. is 2292015. It was sent by Mr. Martin Whelan of NAMA to Mr. Declan Reid and the NAMA communications team. The note was...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: I understand.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Ms Nolan talked about a different set of pressures, NAMA talked about a different set of pressures but everybody is talking about pressures that NAMA was under to sell. The claim does not stack up, as no evidence has been presented to the board.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: When it was put to Ms Nolan about probable loss and the conclusions that the Comptroller and Auditor General reached, she talked about them being theoretical issues.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: I do not understand how the Comptroller and Auditor General can characterise them as theoretical issues. Can Ms Nolan clarify the matter for me again?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: That is not what the Comptroller and Auditor General did.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: No. It cannot be a theoretical loss because there was a loss. The Comptroller and Auditor General talked us through it this morning. In 2013, NAMA identified a loss of €113 million and I think it booked a loss in 2014, if my memory is correct. Are the tables available on screen?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: It is €168 million.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Can the table be shown on the screen? What notes were the tables in again?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes. Our point is that that is the role and the job that the Comptroller and Auditor General was asked to do, to look at the-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: It is not simply a theoretical loss. When the Comptroller and Auditor General is looking at the probable loss, it is in the context of a change in sales strategy. It is in the context of documents that were presented to him by NAMA that did all of the calculations, at the time, in respect of the previous sales strategy. NAMA would have looked at the values of the assets, what one would...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes, and we can see the discount rates for 5.5% and 2.5% for-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
David Cullinane: Yes.
- Topical Issue Debate: School Accommodation Provision (9 Nov 2016)
David Cullinane: I thank the Minister for his reply. In general, I support the overriding objective that every child, including children in this catchment area, have access to a physical school place. I acknowledge that the application was only received by the Department on 2 November. I act fast, as does the school, but so, too, does the Minister. I hope he will be able to give this application due...
- Topical Issue Debate: School Accommodation Provision (9 Nov 2016)
David Cullinane: I thank the Minister for Education and Skills for taking this matter and his support of and interest in the school in question, Our Lady of Mercy national school, Stradbally, County Waterford. I also have received correspondence from the Minister and the Department in response to a parliamentary question on this matter. I am making a case for a third classroom at the school in question....
- Written Answers — Department of Finance: Stability and Growth Pact (9 Nov 2016)
David Cullinane: 73. To ask the Minister for Finance if he or his Department have had any engagement with EU institutions regarding the fiscal rules since he came into office; the nature of this engagement; and if he will make a statement on the matter. [33887/16]