Results 1-20 of 37 for nama speaker:Damien English

Topical Issues: Social and Affordable Housing Provision (19 Oct 2017)

Damien English: NAMA has a duty to the debtors, with which it works, to try to maximise the return to those debtors, because most of those guys have debts that they owe and they have to be paid back. We work with NAMA on key sites and we will use NAMA's skills, but there is a difference in the State-owned lands I am speaking about and those which the Deputy claims are State-owned lands. NAMA has a duty to...

Banking System: Statements (1 Apr 2010)

Damien English: I asked the Minister about the NAMA business plan before and never really got an answer. He claims the plan will wash its own face and make profit eventually. I am concerned that, in respect of the debtors, including developers, who owe money to banks or NAMA, there is already a roll-up of interest amounting to nearly €10 billion. Why does the Minister or NAMA believe that, after the...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...the Minister considered this option? If he answers at a later time, I will not mind. The Minister also mentioned rolled up interest, an issue I raised with him previously. During the debate on NAMA, there was more than €9 billion in rolled up interest. How stands the interest on those loans? Will the rolled up interest continue, irrespective of whether NAMA owns the debt? Perhaps...

Bank Guarantee Scheme (30 Sep 2010)

Damien English: ...involved but there have been losses and gains. What is the net figure? What is the Department's estimate for the overall annual cost to the taxpayer of the various bank bailouts, including NAMA? How must extra per year are we going to be obliged to pay out? I accept that the cost with regard to opportunity is massive but I wish to concentrate on the direct costs involved. I am sure...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Damien English: NAMA is the best idea the Government could come up with.

Banking System: Motion (30 Mar 2010)

Damien English: In his first speech he said NAMA needed to have the right haircut. He said it was very important how much it paid for the loans.

Banking System: Motion (30 Mar 2010)

Damien English: The EU made NAMA do that.

EU-IMF Programme of Financial Support: Motion (15 Dec 2010)

Damien English: What will NAMA cost us?

National Asset Management Agency Bill 2009: Second Stage (Resumed). (6 Oct 2009)

Damien English: ...serious pieces of legislation we will ever discuss in Dáil Éireann. Apart from what went on today, which is a strange occurrence and something that has to be dealt with as soon as possible, the NAMA situation is very serious, and I do not believe it is being dealt with as it should be. We are not being given the right information. My first concern is the book value of the loans. I do...

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Damien English: ...agreed in this review. We now have agreement to review progress half way through the programme and to make changes as we proceed with it. The other important issues involve the proposed changes to NAMA. I had a serious difficulty with NAMA when it was set up and I was one of the few to speak about it in this House. NAMA was wrong from day one and it is still wrong. However it, too, is...

Banking System: Statements (1 Apr 2010)

Damien English: ...might never be able to repay any of that because, as is evident at the moment, there is already €10 billion of rolled-up interest. Why should they start paying tomorrow when the assets are with NAMA? That is my concern. The Minister has said previously that he will chase personal assets, if necessary, to have this money recouped. My concern is——

Seanad: Commencement Matters: Local Infrastructure Housing Activation Fund (27 Jun 2018)

Damien English: ...more housing projects as well. We want to activate our land. I hear commentary that there are 120,000 sites belonging to the State. That is an exaggerated number. We do not own the lands that NAMA has. We are in control of the loan book, through NAMA, but the State does not own the land and is not in control of what happens that land. Naturally, through NAMA, we are in control of...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...it in order to be able to work on the figures so I ask if the Minister could provide it in the near future. I have a couple of questions for the Minister. The threshold for loans being moved to NAMA started at €5 million and has now increased to €20 million. I ask the Minister to elaborate on the reason for this increase. On the issue of restoring trust in the banks, Deputies were...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: ...'s decision it would be helpful to share it with the House. My final question is to do with the issue of trust. People were concerned that Deputies might be approached to use their influence with NAMA. The Minister now has a strong influence over the banks because he has invested a lot of our money in them. Has any individual approached the Minister or his office or any other Minister...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)

Damien English: ...debt. The BBC news this morning claimed that Ireland was practically bankrupt. It is all very fine to say it is all sorted out, nicely tucked away, hidden and parked for ten or 15 years. As with NAMA the debt is parked to one side. While there is some small hope that NAMA will get back some of its money, it will not make profit despite what the Minister claims; it cannot and will not...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (5 Oct 2010)

Damien English: ...ability means our problems will continue unless it resigns to allow new parties which have the answers to take over. We have clear minds and consciences because we did not cause the crisis. When NAMA was first announced, the Minister stated it would get money flowing to businesses but it has not and will not solve the problem of credit. Small and medium enterprises are suffering. Every...

Topical Issue Debate: Naas Town Centre (12 Jul 2017)

Damien English: ...indicated in previous replies, the management of the stalled development in Naas is a matter for Kildare County Council in the first instance. Furthermore, with processes under way involving both NAMA and arbitration, it would be improper for me, as Minister of State, to become involved. It is not appropriate to accept representations on this issue as, under section 30 of the Planning...

Topical Issue Debate: Regional Development (6 Feb 2018)

Damien English: ...on this issue, the management of the stalled town centre development in Naas is a matter for Kildare County Council in the first instance. Furthermore, with processes under way involving both NAMA and arbitration, it would be improper for us, as Ministers, to get directly involved. I further point out that under section 30 of the Planning and Development Act, both I and the Minister,...

Topical Issues: Social and Affordable Housing Provision (19 Oct 2017)

Damien English: ...sense that when we open these sites we would allow a combination of social, affordable and private housing, by which we can get a lot more houses for everyone which will bring prices down. We are on the same page. NAMA has to work with its debtors. They have debts to repay. Everyone knows about those situations for the builders and developers with those debts. They have to repay...

Other Questions: Approved Housing Bodies (23 Feb 2017)

Damien English: ...of houses on many of the lands that have been identified. The Deputy is right to say the key is to try to activate lands that are available by bringing all the players together, including NAMA and others. I am glad the activity of AHBs - their loan approval and drawdown - has been greatly increased in 2016 compared with 2015, and we expect a similar result in 2017 also. We want to...