Search Results for 'National Asset Management Agency'

The Green Party leader John Gormley recently stated on RTE Radio that he believed that the fundamentals of the Irish economy were still strong and that he was happy with the establishment of the assets management agency NAMA. To me this is further proof that John Gormley is ill equipped to hold a cabinet ministry. Many believe he has sold his soul to the devil for the trappings of power.

It seems inconceivable that just a few years after every politician in the country was lepping up onto the bandwagon that was the success of the Special Olympics, that the parents of those heroes and thousands like them are this evening in tears at the prospect of having vital services taken away from them. Surely with all of the money being wasted in the HSE every week, there is no need to hit those who cannot talk for themselves, or walk for themselves. Those who depend on the love of their family and the lover of their carers to survive. Yesterday afternoon in Galway, as the protest snaked its way from the city to the HSE offices at Shantalla, people were at breaking point; grown people were in tears at the thought that the little bit of State support they were getting to care for their relatives was to be taken away from them. Life was just about bearable as it is. Life without that funding and those services, would be nightmarish and throw Ireland back into the days of Peig Sayers and Dancing at Lughnasa.

Kilkenny Fianna Fail TD John McGuinness has welcomed the establishment of the Credit Review Office, an independent dedicated centre to ensure that the credit system is operating effectively for small and medium-size businesses. SMEs are businesses with fewer than 250 employees, turnover of less than €50m, and/or a balance sheet value of less than €43m.

The Fianna Fail-led government has effectively doubled the national debt at the stroke of a pen and its tunnel vision of pursuing the line that NAMA is the only show in town has had a similar financial impact on the economy to adding €50k to the mortgage of every single family in this country, Fine Gael Senator, John Paul Phelan, has said.

A 3Ha (7.5 acre) site on the outskirts of Athlone bought for €17.5m in 2004 and valued at €31m two years later, is now only worth €600,000, the Commercial Court was told last week.

At a recent meeting of the ACCA Ireland Munster/Connaught Members’ Network at the Menlo Park Hotel, ACCA Ireland president Brian McEnery spoke about what small companies should do if they find themselves in difficult circumstances.

In this column last August I criticised the ridiculous economic strategy better known to us all as NAMA. I illustrated how it can never achieve its objective and how it will be a financial millstone around our necks for generations to come. It come to light in the last week that Messrs Cowen and Lenihan knew this all along but decided to carry on regardless.

A Swinford and Kiltimagh based Mayo solicitors’ firm has been selected as one of 64 firms to be appointed to a panel for the provision of legal services to the National Assets Management Agency.

There was good news for businesses yesterday when it was announced that Bank of Scotland Ireland has said it will lend €1 billion to consumers and businesses in 2009.

In an unusual move, the Department of Finance published a draft of the proposed NAMA legislation for public debate and discussion throughout the summer, in advance of it being formally debated in the Dáil in September after the summer break.