68 Deputy Pearse Doherty asked the Minister for Finance if he will confirm that the only commitment with respect to the National Asset Management Agency, NAMA, plans given to the troika in May 2011 is via a letter of intent signed by him and governor of the Central Bank of Ireland, Patrick Honohan, which states we will ensure that the costs of NAMA operations are reduced and that NAMA constructively contributes to the restoration of the Irish property market in the course of meeting the asset disposal targets established and monitored by the NAMA board, including disposal of 25% of assets by end 2013; and if he will confirm that no commitment has been given to the troika to repay NAMA’s debt. [16005/12]

Summary

68 Deputy Pearse Doherty asked the Minister for Finance if he will confirm that the only commitment with respect to the National Asset Management Agency, NAMA, plans given to the troika in May 2011 is via a letter of intent signed by him and governor of the Central Bank of Ireland, Patrick Honohan, which states we will ensure that the costs of NAMA operations are reduced and that NAMA constructively contributes to the restoration of the Irish property market in the course of meeting the asset disposal targets established and monitored by the NAMA board, including disposal of 25% of assets by end 2013; and if he will confirm that no commitment has been given to the troika to repay NAMA’s debt. [16005/12]

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