Seanad debates

Monday, 9 November 2009

National Asset Management Agency Bill 2009: Second Stage

 

12:00 pm

Photo of Marc MacSharryMarc MacSharry (Fianna Fail)

I apologise. In any event, everybody agrees, irrespective of whether he or she is prepared to admit it publicly, that NAMA is the correct approach. It is the approach we must continue to tease out and improve in the Houses over the coming days. It is the most appropriate and best vehicle to get our financial system moving again while at the same time protecting taxpayers and the public interest to the fullest extent possible. The chief economist of Goldman Sachs, Mr. Erik Nielsen, stated NAMA was just the latest in a series of impressive steps by the Irish Government to clean up this mess.

I pay tribute to the Minister on his single-minded and determined approach and I hope that, over the coming days, this House can play its part in helping to improve what is already a good template for economic recovery.

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