Results 21-40 of 45 for nama speaker:Leo Varadkar

Ceisteanna - Questions: Ministerial Dialogue (16 Jan 2018)

Leo Varadkar: ...local infrastructure housing activation fund use public money to provide services and access sites on which we can build houses. It is important for parties to be aware that when it comes to NAMA we have an agreement and an understanding with the European Union on the role of NAMA. The understanding covers what is not and what is required to keep it off-balance-sheet. If Deputies...

Ceisteanna - Questions: Ministerial Dialogue (16 Jan 2018)

Leo Varadkar: I repeat that if NAMA were to get involved in the private rented sector or the private construction sector, that could constitute state aid. I want to make everyone aware of that as they develop policies in the coming months and years. Any such change could backfire badly on the State if suddenly NAMA was transformed into a body that was on-balance sheet or one that had to seek state aid...

Written Answers — Department of An Taoiseach: NAMA Investigations (15 Nov 2017)

Leo Varadkar: In accordance with its terms of reference the Commission is due to provide a final report on the the first module of its work, the sale by NAMA of its Northern Ireland loan portfolio known as Project Eagle, by the end of June 2018, subject to section 6 (6) of the Commissions of Investigation Act 2004.

Financial Resolutions 2018 - Financial Resolution No. 4: General (Resumed) (11 Oct 2017)

Leo Varadkar: ...be made available through a new vehicle, called Home Building Finance Ireland, HBFI, to drive commercial investment in new house building. It will use the expertise of many existing staff of the National Asset Management Agency, NAMA, as that organisation comes to the end of its mandate. The housing budget also includes an increase for housing assistance payments of €149 million...

Leaders' Questions (11 Oct 2017)

Leo Varadkar: ...made yesterday in respect of the new housing finance vehicle. That will lend the money to developers to build on commercial terms. This body will have €750 million, it will use the expertise of NAMA, and it will lend the money to builders to build houses and they will then pay it back. We anticipate that it will not only produce new houses, it will also generate a return for the...

Ceisteanna - Questions: Cabinet Committee Meetings (20 Sep 2017)

Leo Varadkar: No, a decision has not been taken because many of the details have yet to be finalised. There has been a great deal of discussion with NAMA by the Departments of Finance and Housing, Planning and Local Government. Any change in the remit of NAMA would require primary legislation, which would have to come before the Houses for debate, and consultation and discussion with the European...

Ceisteanna - Questions: Cabinet Committee Meetings (20 Sep 2017)

Leo Varadkar: ...the national maternity hospital. Perhaps we might build even more after that. My principled view is that social housing should be built by local authorities and approved housing bodies, not by NAMA. Local authorities are in place to build social housing and they are now getting back into that business. Approved housing bodies have been doing it for quite some time. They are the...

Written Answers — Department of An Taoiseach: Departmental Inquiries (11 Jul 2017)

Leo Varadkar: ...of Investigation currently underway for which I am the specified Minister under the Commissions of Investigation Act 2004 are the IBRC Commission, Chaired by Mr Justice Brian Cregan, and the NAMA Commission, Chaired by Mr Justice John D Cooke.

Written Answers — Tourism Industry: Tourism Industry (9 Nov 2011)

Leo Varadkar: NAMA has purchased eligible land and development loans and certain associated loans from participating institutions. Hotels loans have transferred only because they have been advanced to debtors who also have land and development loans. I understand from NAMA that it has acquired loans secured by some 83 hotels located within the State, of which 81 are open for business, with an estimated...

Written Answers — Tourism Industry: Tourism Industry (6 Jul 2011)

Leo Varadkar: ...employing people by halving employers' PRSI for those on modest wages and also by reviewing the regulatory framework for employment in a range of sectors. In regard to hotel-backed loans held by NAMA, under Section 66 (1) (a) of the National Asset Management Agency (NAMA) Act, the participating institutions were required to service loans in the same manner as a prudent lender, prior to...

Written Answers — Sport and Recreational Development: Sport and Recreational Development (6 Jul 2011)

Leo Varadkar: ..., the Minister for Finance has responsibility for the National Asset Management Agency and Minister Noonan has answered Parliamentary Questions on this matter in the Dáil recently. For details of NAMA's commitment to contributing to broader social and economic objectives, such as those set out in the Deputy's question, I would refer the Deputy to questions answered by the Minister for...

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

Leo Varadkar: ...of the National Asset Management Agency has been followed up with today's announcement of a third recapitalisation, which does not include the recapitalisation of AIB, INBS and EBS under the NAMA process, and a de facto fourth nationalisation. The Government must be honest and stop denying that its policies are not working. The €45 billion figure announced today is not the end of the...

Economic Issues: Motion (Resumed) (7 Jul 2010)

Leo Varadkar: ...not have a functioning banking system. That is the worst thing about it. It is not so much what the Government has done as the fact that it has not worked. To a certain extent we are stuck with NAMA, but there is still an opportunity to make sure it does not cost the taxpayer as much as it seems it will. One thing we can do is to dispense with the concept of long-term economic value....

Competition (Amendment) Bill 2010: Second Stage (6 May 2010)

Leo Varadkar: ...that government protectionism and the creation of cartels contributed to that country's "lost" decade. I would be concerned that some of the Government policies, for example, in regard to NAMA and banking, as well as some of its enterprise and employment subsidies risk doing something similar, however well-intentioned they may be. It is also worth pointing out that a study by the Office of...

Central Bank Reform Bill 2010: Second Stage (Resumed). (27 Apr 2010)

Leo Varadkar: ...- the guarantee, the first recapitalisation of AIB and Bank of Ireland before Christmas of 2008, the second recapitalisation of AIB and Bank of Ireland, the nationalisation of Anglo Irish Bank, NAMA, and the recapitalisation of Bank of Ireland and AIB now planned. They have not worked and what we need now is a very different approach. We need to clear out the banks of their top brass....

Unemployment: Motion (Resumed) (24 Feb 2010)

Leo Varadkar: ...will get those moneys invested in the economy by using the semi-State bodies and utility companies. The Government, unfortunately, has no plan to attract capital into the State, other than through NAMA which is not working. We have tried to move beyond personality politics with these eight constructive ideas. Unfortunately, the Government will not support he motion tonight. That is the...

Loan Guarantees. (2 Feb 2010)

Leo Varadkar: ...a recession at this stage and great numbers of small businesses are closing. They are closing because they cannot get credit. The Government rushed into a bank guarantee overnight. It rushed the NAMA legislation through the Houses, yet it has taken almost two years to decide whether we will have an SME loan guarantee. There are 200,000 small businesses in the country, employing 800,000...

Labour Services (Amendment) Bill 2009: Report and Final Stages (11 Nov 2009)

Leo Varadkar: ...Mulhern. I welcome the proposed advertisement of the positions and that there will be a call for expressions of interest. Increasingly, this seems to be Government policy. It has happened with NAMA and the Broadcasting Authority of Ireland. However, the whole point is that there should be scrutiny and those nominated by Ministers to serve on State boards should receive some form of...

Labour Services (Amendment) Bill 2009: Second Stage (Resumed) (14 Oct 2009)

Leo Varadkar: ...FÁS. It is important not to forget that more than 400,000 people are on the live register. The Government is prepared to spend at least an extra €7 billion to give the banks a free gift through NAMA, yet it is unprepared to spend anything like that on private sector pension protection, unemployment, mortgage debt and so on. Even €1 billion set aside for employment could create as...

Public Appointments Transparency Bill 2008: Second Stage. (22 Sep 2009)

Leo Varadkar: ...slow. Less than half of the decisions announced by the Minister for Finance during the emergency budget speech have been acted on. The Government is in the process of establishing a new quango, NAMA, and we have already seen mission creep set in with NAMA. Initially, it was supposed to be an asset management agency, but now we are talking about giving it additional roles in social...