Results 181-200 of 256 for nama speaker:Enda Kenny

National Recovery Plan 2011 - 2014: Statements. (25 Nov 2010)

Enda Kenny: ...of the world's largest investment companies last week. It described the National Asset Management Agency as a bureaucratic monster that was destroying value and confidence in Ireland's economy. NAMA has paralysed the property market. If one speaks to any auctioneer or anyone involved in property, one will find that nothing is moving because everything is blocked up in NAMA. The scams...

International Financial Services Centre (17 Nov 2010)

Enda Kenny: ...regulation. The Bill was to be published within two years of the forum being established. When I asked the Taoiseach about this on the last occasion, he said it would be dealt with after the NAMA legislation. What is the status of the Bill now? Will it be brought forward or will it be published and brought into the House?

Leaders' Questions (9 Nov 2010)

Enda Kenny: ...be in serious difficulties in the near future. The Financial Regulator, Matthew Elderfield, made the same point today about mortgage holders in distress. The Taoiseach will recall that when the NAMA legislation was going through the House, my party proposed an amendment that would have facilitated temporary relief among distressed mortgage holders. Of the many problems facing the...

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Enda Kenny: ...repeatedly. Every single projection put forward by the Taoiseach, the Government and the Minister for Finance, who now has lost considerable political momentum, has been wrong. One was told that NAMA would make a profit and that the deficit would be €3 billion, €5 billion or €10 billion but on each occasion, this figure has risen far beyond Government projections. We now have...

Leaders' Questions (5 Oct 2010)

Enda Kenny: ...last March. We put a six to nine months timeframe on bringing that about. We believe we will deal with it in that timeframe, as we outlined last Thursday. The loans that have been transferred to NAMA from those institutions have now been identified and valued. Those are the figures with which the Financial Regulator has come forward. I have explained to the Deputy again that this will...

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

Enda Kenny: ...has been put into Bank of Ireland so far. These are astronomical figures. The total losses will come to at least €40 billion. That figure does not include the potential losses associated with NAMA. The Minister is well aware that many external commentators with a strong record in predicting banking losses have suggested that NAMA might lose up to €15 billion. While those figures...

Leaders' Questions. (6 Jul 2010)

Enda Kenny: ...of the Government. One of the only recommendations of the report is that both borrowers and lenders should act in good faith at all times. It is clear from the report that there will be no NAMA for those in negative equity and no sweetheart deals for those in either mortgage arrears or negative equity. This is a clear and deliberate contrast from the treatment meted out by the...

Leaders' Questions. (6 Jul 2010)

Enda Kenny: .... Think of what could be done in our country if that type of money were being pumped into construction, infrastructure or jobs. Second, the Taoiseach was wrong when he and his Minister said that NAMA would provide a wall of cash. More than 800 businesses have gone to the wall since the start of the year. Some 452,000 people are out of work and thousands more are facing an uncertain...

Order of Business. (1 Jul 2010)

Enda Kenny: ...than that of the US. Is it intended to save the Irish taxpayer money by introducing legislation to make those who invested and speculated in Anglo Irish Bank share some of the pain? With regard to NAMA, is it intended that the Dáil will have an opportunity next week to discuss the quarterly report submitted to the Minister for Finance, Deputy Brian Lenihan, and the changes to the NAMA...

Order of Business. (24 Jun 2010)

Enda Kenny: I would like to ask four questions. First, with regard to the codes of practice for the National Asset Management Agency, NAMA, there is a great deal of comment in today's national newspapers about the relationship between property developers and the agency. As I understand it, it was promised that the codes of practice for NAMA would be published and these would show the interaction...

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Enda Kenny: ...expensive crisis of almost any country. Some €74 billion is being pumped into the banks, while credit is being denied to thousands of businesses. The Minister, Deputy Brian Lenihan, said that NAMA would create a wall of cash, but that has not happened. The Taoiseach knows it is not happening. Despite the spin about green shoots, small and medium sized retail enterprises are starved...

Order of Business. (2 Jun 2010)

Enda Kenny: ...of recapitalisation and a community weighting system. Is the Government engaged in preparatory work to connect with the Europe in this regard? During the course of his speech on the setting up of NAMA, the Minister for Finance, Deputy Lenihan, said the Government would introduce legislation on banking resolution, legislation that would give the ability to wind down a bank. What is the...

Leaders' Questions. (19 May 2010)

Enda Kenny: ...scheme was introduced, the Minister for Finance stated that the Government is deeply embedded in the banking sector and, as such, would bring leverage to it. The Minister also asserted that NAMA would bring a wall of cash for credit. On 17 December 2009, the Taoiseach stated: "Passing the legislation will cleanse the balance sheets of the Irish banks and so enable them to increase the...

Leaders' Questions. (19 May 2010)

Enda Kenny: My point is that NAMA is a secretive organisation which was set up by the Taoiseach. The fees it pays to accountants and lawyers will make the tribunal fees look like chicken feed. The Taoiseach did not answer my question on whether he accepts that his banking strategy has failed in so far as small businesses are concerned. This morning I listened to the Minister for Enterprise, Trade and...

Leaders' Questions (20 Apr 2010)

Enda Kenny: ...for Finance. Bank of Ireland published a report last week. This bank is a covered institution which has been the recipient of €3.5 billion from the Irish taxpayer to date, and the transfer to NAMA will be of the order of €12 billion in respect of loans. In the report last week, this bank agreed, proposed and approved a top-up pension payment of €1.9 million for the chief executive....

Order of Business (1 Apr 2010)

Enda Kenny: ...to fulfilling them." In regard to the statements and questions and answers session, can we take it that in view of the comment by Mr. Peter Bacon, the architect in part of the structure of NAMA, who today described Anglo Irish Bank as the Celtic Chernobyl and in view of the extent of intensive activity——

Banking System: Motion (30 Mar 2010)

Enda Kenny: ...to Europe. What is the justification for this €40 billion investment in Anglo Irish Bank, including €8 billion today, a further €10 billion in the future and €18 billion that will go into NAMA? I would have thought the choices here are pretty stark. I do not understand why in respect of the subordinated loans, of risk-takers who invested because they knew the risk existed, the...

Banking System: Motion (30 Mar 2010)

Enda Kenny: ...this year, which is fair enough. We will wait and see what happens on a regional basis in terms of what is actually approved. In respect of loans below €5 million which are not going into NAMA, the banks are now beginning to liquidate many of these using the same criteria as applies when an entity fails and is wound up. The banks, in particular Anglo Irish Bank with its massive black...

Leaders' Questions (30 Mar 2010)

Enda Kenny: Today, we are expecting what amounts to the fourth bailout of the Irish banking sector. We had the announcement of the bank guarantee, the recapitalisation announcement and the NAMA announcement. Each of those announcements was, in the words of the Government, designed to get a wall of cash flowing, to sort out the banks and to make credit available for business and SMEs throughout the...

Leaders' Questions (30 Mar 2010)

Enda Kenny: .... Is this the Government's information and intention? If that is the case, this dead bank on its own will cost the taxpayer €40 billion, as a result of recapitalisation, the €21billion from NAMA, €8.3 billion today and a further €10 billion. The Taoiseach is strangling the next generation and tying the hands of future Governments. He is imposing a levy of €27,000 on every...