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14/09/2009
Greens Push For More NAMA Adjustments
The Green Party has put forward yet further adjustments to the Government's new toxic debt agency legislation during a special weekend meeting.
Green Party Finance Spokesperson Dan Boyle revealed more than 80% of party members had voted for more changes to the National Asset Management Agency (NAMA) bill, which is expected to come before the Daíl later this week.
The coalition party proposed the inclusion of a “social dividend” so that benefits, if any, from the proposed agency are extended beyond bank shareholders and developers.
Speaking on RTÉ’s Morning Ireland, Mr Boyle said: “We want to see a social dividend. That was very much a strong feeling that came from the meeting on Saturday, that the State has an ability to acquire assets and properties and the benefits shouldn’t be seen to be going entirely to bank shareholders, shouldn’t be seen to be helping developers who helped bring about this situation.”
Around 150 members of the Green Party met in Athlone on Saturday to discuss NAMA, and voted on their preferred choice of talking the problem of defaulting loans around the country.
The NAMA proposal, which will establish an agency to buy up toxic loans from banks, taking over €90bn worth of debt from Irish banks and into public ownership, was ranked fourth out of six options put before delegates at the all-day Athlone meeting.
The most popular choice at 23% was for an agency that would pay only the current market rate for loans transferred to the banks.
In second place, at 20-21%, was the so-called “Swedish solution”, which would also mean paying only the market price for loans.
Last week, the party announced it had made a number of significant alterations to the original Fianna Fail legislation, including a way that risks could be shared between banks and the State.
(DW/KMcA)
Green Party Finance Spokesperson Dan Boyle revealed more than 80% of party members had voted for more changes to the National Asset Management Agency (NAMA) bill, which is expected to come before the Daíl later this week.
The coalition party proposed the inclusion of a “social dividend” so that benefits, if any, from the proposed agency are extended beyond bank shareholders and developers.
Speaking on RTÉ’s Morning Ireland, Mr Boyle said: “We want to see a social dividend. That was very much a strong feeling that came from the meeting on Saturday, that the State has an ability to acquire assets and properties and the benefits shouldn’t be seen to be going entirely to bank shareholders, shouldn’t be seen to be helping developers who helped bring about this situation.”
Around 150 members of the Green Party met in Athlone on Saturday to discuss NAMA, and voted on their preferred choice of talking the problem of defaulting loans around the country.
The NAMA proposal, which will establish an agency to buy up toxic loans from banks, taking over €90bn worth of debt from Irish banks and into public ownership, was ranked fourth out of six options put before delegates at the all-day Athlone meeting.
The most popular choice at 23% was for an agency that would pay only the current market rate for loans transferred to the banks.
In second place, at 20-21%, was the so-called “Swedish solution”, which would also mean paying only the market price for loans.
Last week, the party announced it had made a number of significant alterations to the original Fianna Fail legislation, including a way that risks could be shared between banks and the State.
(DW/KMcA)
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15 September 2009
Labour Organises Anti NAMA Protest
The Irish Labour Party has today revealed it will hold a protest against the Government's proposed debt tackling agency. On the party's official website today, details of the protest were posted, asking visitors to "show your opposition to NAMA" during a demonstration at 1pm next Wednesday, September 16 at Leinster House.
Labour Organises Anti NAMA Protest
The Irish Labour Party has today revealed it will hold a protest against the Government's proposed debt tackling agency. On the party's official website today, details of the protest were posted, asking visitors to "show your opposition to NAMA" during a demonstration at 1pm next Wednesday, September 16 at Leinster House.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
07 November 2017
Sinn Féin Launch Multi Party Action Bill 2017
Sinn Fein Justice spokesperson Donnchadh Ó Laoghaire TD has published the Multi Party Action Bill 2017 which, if enacted, would allow for multi party litigation for similar cases as those involved in the tracker mortgage scandal.
Sinn Féin Launch Multi Party Action Bill 2017
Sinn Fein Justice spokesperson Donnchadh Ó Laoghaire TD has published the Multi Party Action Bill 2017 which, if enacted, would allow for multi party litigation for similar cases as those involved in the tracker mortgage scandal.
30 November 2016
McDonald Rejects Proposals For 'Excessive' Water Use Charge
Sinn Féin Vice President, Mary Lou McDonald, has rejected proposals by the Expert Commission to charge customers for 'excessive' waste usage. Speaking in the Dáil during Leaders' Questions today, 30 November, Teachta McDonald said imposing a levy would "inevitably lead to the introduction of across the board water charges in the future".
McDonald Rejects Proposals For 'Excessive' Water Use Charge
Sinn Féin Vice President, Mary Lou McDonald, has rejected proposals by the Expert Commission to charge customers for 'excessive' waste usage. Speaking in the Dáil during Leaders' Questions today, 30 November, Teachta McDonald said imposing a levy would "inevitably lead to the introduction of across the board water charges in the future".
23 March 2016
Labour Party 'Will Not Be Involved In The New Govt'
The Labour Party will not be involved in the formation of Ireland's next government, the party has announced in a statement. The statement reveals that members of the Parliamentary Labour Party agreed that the Party would not be involved in the formation of the next government, and that the Party would not be a member of the next government.
Labour Party 'Will Not Be Involved In The New Govt'
The Labour Party will not be involved in the formation of Ireland's next government, the party has announced in a statement. The statement reveals that members of the Parliamentary Labour Party agreed that the Party would not be involved in the formation of the next government, and that the Party would not be a member of the next government.
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