Seanad debates
Thursday, 5 December 2013
Order of Business
11:00 am
Paul Coghlan (Fine Gael) | Oireachtas source
Unfortunately, there has been much unjustified criticism of NAMA from someone opposite. I welcome today's announcement that NAMA has met its first major target of €7.5 billion of redemption of senior bonds by the end of 2013. It has an additional €3 billion in cash. This highlights NAMA's progress in obtaining a good return for the taxpayer. It further boosts confidence in Ireland's recovery. There has been much mention this morning of our leading role as a business country. This concrete evidence of our recovery is welcome. I support NAMA in its efforts.
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