Results 681-700 of 2,550 for speaker:Paul Gogarty
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: The Green Party has been mentioned several times. I thank the Deputies opposite for their interest in the workings of our party.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: Just because I disagree with regard to whether a committee should be placed on a statutory footing does not mean that I do not necessarily agree with other amendments - such as that which we are discussing - tabled by the Opposition. Reference was made to the Green Party and it is fair to state that our membership structures need to be changed, particularly in view of the fact that it is not...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: That is correct. It had not yet even been conceived.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: There are members of the Green Party and cynical individuals in the media who argue that it was all a con job on behalf of our party leader. These people state that we knew about the SPV and the surcharge and that we were trying to pull the wool over the eyes of our members. For the record, that is clearly not the case.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: I would give the Minister the benefit of the doubt and state that he was not trying to pull the wool over anyone's eyes. The announcement relating to this matter was only made when the relevant information had been obtained from EUROSTAT. In hindsight, it might have been better to indicate an intention to seek, subject to EUROSTAT approval, the establishment of a special purpose vehicle....
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: That is a fair comment.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: Indicating an intent to seek the establishment of a special purpose vehicle might have shed some light on the situation. Neither I nor my party colleagues have an issue with the principle behind the SPV, particularly in the context of its being used to remove certain items from the balance sheet. However, there are valid questions to be posed in respect of the make-up of the SPV and also...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: The point I am making is that I see NAMA as a lower interest loan scheme which will assist us in avoiding the necessity of trying to obtain the money to recapitalise the banks from the financial markets.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: Arguing about the minutiae relating to the valuation makes sense in the context of whether a profit will be made.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: Yes, but if the money must be put into the banks in the first instance and if it is being obtained at a lower interest rate-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: -----I do not see the need to make such a song and dance with regard to the valuation.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: If the money is going to have to be paid in any event, let us pay it at a lower interest rate.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: With regard to amendment No. 3, the important point relates to transparency and how the SPV will relate to both NAMA and the Oireachtas.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: In that context, I encourage the Minister to support amendment No. 3 in Deputy Bruton's name because it attempts to bring about the clarity we are seeking.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: As the Deputy is aware, my party operates a whip system and I will vote according to the whip.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: I am sure the Deputies opposite will be generous enough to accept that the Minister took on board many Opposition suggestions on Committee Stage.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: When those specific amendments in respect of which we made a positive contribution - such as that relating to windfall tax - are moved, Green Party Members will be blowing their own trumpets because those opposite will not give us credit.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: As a member of a party that is in government, I vote in line with the Government.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: I am expressing my view and I respectfully ask the Minister to take amendment No. 3 on board.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Paul Gogarty: On reflection and in respect of the issues raised with regard to the transparency-----