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Morgan calls for opposition commitment to repeal NAMA when in Government

12 November, 2009

Speaking as the NAMA Bill was passed by the Dáil today Sinn Féin Finance Spokesperson Arthur Morgan TD called on both Fine Gael and the Labour Party to give a commitment that if in Government after the next election they will repeal the Act.

Deputy Morgan said any real opposition to NAMA must include a commitment to repeal it at the earliest opportunity and that is Sinn Féin’s commitment.

He said:

We have seen Fine Gael and the Labour Party voting against NAMA today. But they need to go further. They need to make a firm commitment that if they are in Government they will make a genuine effort to repeal NAMA and will not extend the bank guarantee. That is Sinn Féin's commitment.

“If in power following the next election Sinn Féin will do everything possible to repeal NAMA. However, we realise that timing is everything and if we do not get the current Government out of office soon unfortunately it might not be possible to totally repeal all the elements of this Act.

“I note that the Labour leader indicated on RTE last weekend that if he was in government he may not repeal NAMA or end the bank guarantee as it would be too late to do so. He can correct me if I'm wrong and I hope I am. He should make his position clear.

“Real opposition to NAMA requires a commitment to repeal it at the earliest opportunity.” ENDS

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