Gormley accuses Kenny of being 'unable to count'

Gormley accuses Kenny of being 'unable to count'

A war of words has broken out between the leaders of the Green Party and Fine Gael over Nama.

John Gormley has accused Enda Kenny of being "unable to count" after the Fine Gael leader said taxpayers will bear 95% of the risk under the Government's bad bank plan.

Deputy Kenny said banks are getting too good a deal at the taxpayers' risk.

But Minister Gormley has rubbished the claims.

"That is absolute nonsense. This is something Enda Kenny said yesterday and I’m afraid Enda can’t count or maybe he just doesn’t understand what Professor Patrick Honohan was putting forward.

"What Patrick Honohan was referring to, and has in fact endorsed is risk-sharing in relation to the premium, that is the 15% uplift.

"The taxpayer is completely protected. We have gotten exactly what we wanted."

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