Oireachtas Joint and Select Committees

Wednesday, 18 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

4:35 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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I am not begrudging. I have asked the Minister parliamentary questions in the Dáil on how a retroactive application of this instrument would apply. The reply has been that the Minister has no responsibility to answer those questions in the Dáil. I am an Opposition spokesperson asking how a retroactive instrument which could benefit the State to the sum of €20 billion could apply. The Minister falls into the old system of claiming it is begrudgery or the building of a movement on the pain and suffering of the Irish people. This is a genuine question and the Minister is belittling my contribution to the committee, as he does every single time genuine, serious questions are asked about how we can retroactively apply the instrument and whether it would be more beneficial to sell bank shares on the open market, given the restrictions that apply to the direct recapitalisation instrument as it exists today.