Dáil debates

Wednesday, 25 February 2009

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed)

 

1:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

Next year I will carry out a review of the operation, effectiveness and impact of the legislation having regard to the overall economy and national economic competitiveness. A similar approach has been adopted under section 11 of the Minimum Wage Act 2000 in which the Tánaiste and Minister for Enterprise, Trade and Employment takes account of these considerations when setting the minimum wage. I can consider whether any of the legislation's provisions continue to be necessary having regard to the purposes of the Bill. I will make findings consequent on such a review and consideration and cause a written report on the findings to be prepared and laid before the Houses of the Oireachtas.

Given the situation facing us and that facing governments across the European Union and the world, I am not prepared to accept the amendment. I am not in a position to foresee the circumstances in which we may find ourselves in two years time. I would not care to prejudge the position as the amendment seeks to do. Instead, I will review the position on an annual basis and report to the Houses when I have done so. Consequently, I cannot accept the amendment.

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