Saturday 3 December 2016

What party plans to do

Published 05/02/2011 | 05:00

NAMA: Undecided on what to do about the National Asset Management Agency. Mr Noonan said he did not believe it was working, but did not have enough information at present. "It's like trying to unscramble an egg," he said.

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Bank jobs: FG wants to wind down Anglo Irish Bank (800 staff) and Irish Nationwide (350 staff) by the end of the year. That would mean the loss of around 1,150 jobs.

Bank ownership: In favour of a big European bank buying AIB to restore it to full health. Mr Noonan wants EBS to become a "third force" in Irish banking with the help of a €3bn cash injection from US venture capitalists.

Burning the bondholders: Wants to renegotiate €25bn in junior and senior bank debts which are not covered by the state banking guarantee.

Mortgage interest relief: Fine Gael wants to abolish mortgage interest relief for first-time buyers from June -- and increase it for the "negative equity generation" who bought houses at the height of the property boom.

Irish Independent

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