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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Okay. My final question concerns the knowledge that Mr. Daly and Mr. McDonagh have built up over the years. As Mr. Daly said, he and one other colleague have been in the organisation since the very beginning. This concerns a policy matter so the witnesses can answer me in that way if they wish, though I hope that they do not do so. There are major discussions around vulture funds and how...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Sure there are only the two of us here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I do not mean to be clever.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: An agency dealing with it then-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: NAMA got €74 billion and then got back €32 billion. The agency could relate that to what the vulture funds do, building in the criteria the it wants observed through the process of taking in that €16.5 billion of mortgage debt from the banks. The likelihood is that a vulture fund might pay €5 billion for the €16.5 billion. It is not beyond the realms of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What is the write-down for vulture funds? What do they expect?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What I am asking about then is this discount. Regardless of whether the situation is commercial or residential, what kind of discount does the vulture fund ask for when it goes in to negotiate with a bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Does the Senator intend to apply for a position? If so, she would need to do so now because it is to be wound down by 2020.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I thank the witnesses for their engagement with the committee.

Written Answers — Department of Education and Skills: Education and Training Provision (11 Jul 2017)

John McGuinness: 212. To ask the Minister for Education and Skills if an application for the local training initiative programme in respect of a centre (details supplied) will be approved; and if he will make a statement on the matter. [32211/17]

Written Answers — Department of Education and Skills: Student Grant Scheme Applications (11 Jul 2017)

John McGuinness: 226. To ask the Minister for Education and Skills if a full SUSI grant will be approved for a person (details supplied). [32464/17]

Written Answers — Department of Health: Health Services Staff Remuneration (11 Jul 2017)

John McGuinness: 424. To ask the Minister for Health if section 39 organisations will be funded by his Department or the HSE relative to pay restoration and increments due to some staff; and if he will make a statement on the matter. [32461/17]

Written Answers — Department of Health: Hospital Appointments Status (11 Jul 2017)

John McGuinness: 425. To ask the Minister for Health if an immediate appointment will be arranged for a person (details supplied). [32462/17]

Written Answers — Department of Health: Medical Card Applications (11 Jul 2017)

John McGuinness: 426. To ask the Minister for Health if he will recognise the EU rights of a person (details supplied) under regulation (EC) 883/04 relative to their current application for a medical card; if a medical card will be issued based on the information provided and as stipulated under the EU regulation; and if he will make a statement on the matter. [32465/17]

Written Answers — Department of Agriculture, Food and the Marine: Basic Payment Scheme Payments (11 Jul 2017)

John McGuinness: 576. To ask the Minister for Agriculture, Food and the Marine if a payment has been issued to a person (details supplied) in relation to their 2015 and 2016 single farm payment. [32458/17]

Written Answers — Department of Agriculture, Food and the Marine: GLAS Payments (11 Jul 2017)

John McGuinness: 577. To ask the Minister for Agriculture, Food and the Marine if a person (details supplied) will be paid their entitlements under the GLAS scheme. [32460/17]

Written Answers — Department of Agriculture, Food and the Marine: Control of Horses (11 Jul 2017)

John McGuinness: 578. To ask the Minister for Agriculture, Food and the Marine if he will introduce a system of licensing and regulating the use of horse drawn vehicles that would include an age restriction on those that operate horse drawn vehicles (details supplied). [32504/17]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

John McGuinness: We are dealing with the pre-ECOFIN engagement and I invite the Minister to give his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

John McGuinness: Over the course of the meeting the Minister gave us some figures around repossessions and voluntary surrenders and so forth. Will he submit to us a comprehensive note on all those figures? We get some information from the Central Bank but we would like to see it from the Department's perspective. Will the Minister give us a breakdown of those figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

John McGuinness: Please do. I would like to know more about the issue of voluntary surrender, about this idea of putting a client up against the wall and taking the keys from his pocket, as it were. I would like the background to some of those figures so it would be helpful if the Minister could also provide that. Will all the extra €400 million earned from the sale of the AIB shares go towards...