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Results 341-360 of 1,046,904 for in 'Dáil debates' OR (speaker:Máiría Cahill OR speaker:Jim Daly OR speaker:Bernard Durkan OR speaker:Duncan Smith OR speaker:Pauline Tully OR speaker:Joe Flaherty OR speaker:Emer Higgins) in 'Committee meetings'

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: NAMA was supposed and intended to make a profit from day 1. It was expected. To what extent has that profit been realised?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: Has that been in accordance with revised expectations, given the conditions under which NAMA was introduced and the discussions that took place in this House during that period as to the alternative viable options? Does it still remain the best option?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The actual profit outturn is about €5 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I accept that is a reasonable conclusion but the circumstances in which the financial collapse took place meant an awful lot of business people, big and small, ordinary householders who had borrowed and so on, lost everything and were squeezed to the limit. They continue to be squeezed as a result of the financial crash. I realise that the moneys have to be found somewhere and that the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The banks that were in difficulty after the financial crash subsequently sold their loans on to vulture funds, for want of a better description, or other funds. Two questions arise. First is the question as to the number of people who were in NAMA, or forced into NAMA, who claim they should never have been there. There are some people who are in NAMA who were borrowers beforehand and who...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: The borrower suffered immensely as a result. The emphasis was on clearing up the mess at huge expense to the borrowers, who borrowed on the basis of the financial, fiscal and lending policy at the time, which was created by the lending institutions themselves. There are those who will say they were caught between a rock and a hard place and they paid the penalty, whereas those who erred...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: A new aggression has been adopted by what I call the enforcers in the funds or agencies right now. They apparently feel the time has come for them to show real resolution in their efforts to ensure the borrower coughs up, sells their home, gets out on the road and becomes homeless or whatever the case may be. The level of aggression that has taken over in recent months is unacceptable....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I apologise to the Chair for dragging this out but the members of this committee, individually and jointly, raised multiples of the kinds of cases Mr. Carville just spoke about at this committee. Individually and collectively, we fought to draw attention to umpteen cases where a disadvantage was clearly being foisted upon the borrowers who, in many circumstances, were unable to pay and took...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Bernard Durkan: I do not want to dismiss what Mr. Carville is saying, but the Cathaoirleach and Deputy Doherty, who have raised these questions in this forum many times will tell him the position. There were countless cases in which people were not given a fair chance to recover or trade their way out of the situations they were in. Conditions were foisted upon people that they could meet. Arrangements and...

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: I apologise to Mr. Hughes, my colleague Deputy Farrell and the Leas-Chathaoirleach for being late to the committee. I thank Mr. Hughes for coming to the committee. On the 4.5% increase in European travel over the last year, if Europe as a continent continues to grow at that rate or maybe slightly less or more, at what point does that become unsustainable and we reach a crisis level, or an...

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: That is fine.

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: We are in an environment where an awful lot of airlines are looking and planning to grow. As Mr. Hughes said, we are at a crisis point in the context of air traffic capacity. In that overall context, do bespoke or individual planning conditions, such as either passenger caps or total flight movements, help Eurocontrol to curb any further immediate growth, even though that may not be the...

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: That is interesting. On the sustainability side, I refer to sustainable aviation fuel and its production, future use, etc. Where are we at with that in the context of European aviation?

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: Is there light at the end of the tunnel on this? Are we making progress or is it a pipe dream?

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: We have been dealing with drone issues vis-à-vis Dublin Airport where they impinge on the airspace. In Balbriggan, County Dublin, private pilot projects have been set up for delivery of takeaways, packages and all the rest. That is happening in other parts of Dublin and the country. I am not sure I have any questions, as such, on what Mr. Hughes has presented today. It is...

Joint Oireachtas Committee on Transport, Tourism and Sport: Aviation Trends, Air Traffic Control and Drone Activity: Discussion (18 Sep 2024)

Duncan Smith: Yes, very thought provoking.

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