Seanad debates

Wednesday, 23 May 2012

11:00 am

Photo of John GilroyJohn Gilroy (Labour)

I refer to NAMA's announcement earlier of a €2 billion investment to create thousands of jobs. Any measure that stimulates the labour market must be welcomed. However, the House could do with a debate on the agency. I would like to know more about the nature of this investment, the due diligence carried out on it, the multiplier effect of the investment and whether other investment opportunities in the economy could yield a better return. Will the Deputy Leader organise a debate on NAMA because the House has an important role to play? If the House in the past had properly done its job and debated medium to long-term policy on issues that were not part of the dominant ideology or discourse of the day, perhaps the country would not be in the mess it is in. The House has an important role in discussing mid to long-term policy. NAMA is a perfect example of where we can do productive work. The Deputy Leader should ask that a representative of the agency appears before the House as well as the Minister for Finance. Will she facilitate a full and comprehensive debate?

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