Blog Home  Bookmark and Share

Dept of Finance and Nama

| No TrackBacks

The Department of Finance's recent strategy statement indicates that it aims to increase employment, ensure sound finances, raise living standards, address the international debt and restructure the banks. In reality, it will do nothing of the sort as the document also indicates that the Department's role is simply to provide "independent, impartial and well informed advice" (and about time too). This mixing of altruistic goals and practical actions permeates the document.

For example, on Nama it states that the Department will "insist on the highest standards of transparency in the operation of NAMA, on reduction in the costs associated with the operation of NAMA, and that decision-making in NAMA does not delay the restoration of the Irish property market".  Sounds impressive but why didn't it simply state that it will extend Freedom of Information to Nama, cut outrageous fees paid by Nama and stop it trying to rig the market.

Letter published in the Irish Times on 12th May 2012.

No TrackBacks

TrackBack URL: http://www.planware.org/cgi-sys/cgiwrap/bf/managed-mt/mt-tb.cgi/277

Monthly Archives

Powered by Movable Type 4.25

About this Entry

This page contains a single entry by Brian published on May 12, 2012 10:48 AM.

Constitution and Fiscal Compact was the previous entry in this blog.

YES voters will kick themselves for voting YES is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Top of Page