Seanad debates

Wednesday, 22 October 2003

Irish Nationality and Citizenship and Ministers and Secretaries (Amendment) Bill 2003: Second Stage.

 

I heard Senator Walsh making a point about investors. I am sure he is aware of the benefits that accrued to the economy at that time. Kerry Airport would not exist today but for the naturalisation scheme – it required that support. Neither the Industrial Credit Corporation nor any of the other banks were anxious to provide funding. Schemes like Kerry Airport and the equestrian centre at Millstreet, which was also supported by this scheme, were seen as high-risk. Thousands of acres of forestry were supported by this scheme.

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