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<title>Denis Naughten - Recent appearances (From KildareStreet.com)</title>
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<description></description>
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<dc:date>2009-04-15T16:11:20+00:00</dc:date>

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<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g317.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g317.0</link>
	<description>We need to return to Deputy Bruton&acirc;€™s proposal of a clean bank and a bad bank.  It means the taxpayer would not foot the bill on this and I urge the Government to reassess the crazy proposal...</description>
	<content:encoded><![CDATA[<p pid="317.1">We need to return to Deputy Brutonâ€™s proposal of a clean bank and a bad bank.  It means the taxpayer would not foot the bill on this and I urge the Government to reassess the crazy proposal being tabled in this area.</p><p pid="317.2">In my remaining time I want to focus on jobs in the economy.  Fine Gael outlined a blueprint to create 100,000 jobs in our New Era document.  There is another way to stimulate our economy, and that is to facilitate people in the migrant community to get back into the workforce.  Migrants can be part of the solution to our economic difficulties but the Government forces many of them to stay on the dole.  While non-EU migrants make up only 1.5% of the workforce, once they go on the live register it is virtually impossible for them to get back into employment.  If we abolished the work permit fee of â‚¬1,500 for migrant workers who are already resident here and on the live register it would save the economy â‚¬200 million per annum and allow those migrants to contribute to the turnaround and improvement of our economic circumstances.</p><p pid="317.3">Another issue is the business permission anomaly.  If somebody from outside the EU has a good idea and wants to create a job for himself or herself, and jobs for Irish people, he or she must satisfy certain criteria for the Department of Justice, Equality and Law Reform and have â‚¬300,000 in cash to be given permission to set up a business in this country.  That is an unnecessary bureaucratic process that should be based on the business idea they put forward.  In the last five years the Department has turned down 85% of those proposals, some of which are very worthwhile proposals that could benefit the economy and become the Microsofts or Dells of the future in this country.  I do not see why we do not support and encourage people with a good business idea rather than put a barrier in place far in excess of the barriers for Irish citizens.</p><p pid="317.4">The third issue on immigrants is those who are caught in the black economy.  Some 12 months ago the then Minister for Justice, Equality and Law Reform gave a commitment that he would introduce a bridging loan for migrants who came into this country legally but through no fault of their own fell out of the system because of the bureaucratic nightmare which is our immigration process.  The black economy costs our economy â‚¬3.5 billion and if we could give migrants who have fallen into that situation the opportunity to return to the legal workforce and the tax system, it would benefit them individually and the economy.  Yet we are not prepared to put that visa system in place.  We can make the same argument about our citizens in the United States.  We are talking about a small minority of people, yet the Minister is not prepared to introduce the legislation to facilitate that happening, which could benefit the economy.</p><p pid="317.5">Migrants can assist us in turning around this economy.  We should not put the blame on them for these difficulties but give them the opportunity to participate and contribute to our recovery.</p>]]></content:encoded>
	<dc:date>2009-04-08T15:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g315.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g315.0</link>
	<description>I wish to share time with Deputies O&acirc;€™Dowd, Clune and Hayes.   The Minister for Social and Family Affairs forgot to say that the Government has decided to change the calendar and abolish...</description>
	<content:encoded><![CDATA[<p pid="315.1">I wish to share time with Deputies Oâ€™Dowd, Clune and Hayes.  </p><p pid="315.2">The Minister for Social and Family Affairs forgot to say that the Government has decided to change the calendar and abolish Christmas altogether as a result of the changes in the social welfare payments.</p><p pid="315.3">I welcome the opportunity to speak on this budget.  It is a compulsive gamblerâ€™s budget.  The Minister for Finance is prepared to bet his mortgage on odds as crazy as the Leitrim hurling team beating Kilkenny by 12 points in the All-Ireland final.  There is a chance that it might actually happen and if so he would abolish all the losses he made as a gambler over the previous six or seven years but only a crazy man would place such a bet.  Sadly, the Minister has placed this crazy bet in respect of the â‚¬90 billion bank bail-out scheme which is a ticking time bomb for our economy.</p><p pid="315.4">The Minister plans to create the national asset management agency, to purchase what he claims are toxic assets from bank portfolios.  The Irish banking crisis, however, is different from any of the other crises plaguing financial markets in other parts of the world and requires a different solution.  The assets in Irish banks are not toxic, they are rotten loans based on a property sector that has collapsed.  An example of a toxic asset might be a â‚¬50 million development of a 140 home housing development in Lucan.  On average, approximately 10% of those owner-occupied mortgages may default over the period of that loan.  The figure may be higher or lower but it is a toxic asset because one cannot get its value.  A rotten loan might be a seven acre site on the edge of Carrick-on-Shannon or Longford, two miles from the town centre, with zoning but no planning permission, for which the developer paid â‚¬50 million but has gone bankrupt.  Nothing will ever come of that.  The assets that the Government is talking about are those rotten loans that have no intrinsic value.  Land prices continue to fall and these assets will never turn into any value.</p><p pid="315.5">At the same time we are mortgaging our future and that of our children to the tune of â‚¬21.4 million for every man, woman and child in the country, based on the Ministerâ€™s projections yesterday.  The Minister outlines a point about toxic assets, such as those in the United States, comprising a mix of good and bad mortgages, the assets in this country are not a mix of good and bad but are rotten debt.  The owner of that debt purchased those assets, with the encouragement of the banks giving maybe a 100% loan for which the only security is the site.  Those assets are worthless.  One cannot put any value on them.</p><p pid="315.6">It would be well and good if the State were to take them over without any payment but that will not benefit the banks which need access to capital.  The bank portfolios here were far too focused on the property sector.  A total of 75% of the AIB and 80% of the Anglo Irish Bank loan books were based on property.  There was a significant concentration on the property market here which has collapsed.  The State is going to buy those assets and hope against all hope that at some future date we will have another property boom like that we had in 2006.  I do not believe that will happen any time soon.  The taxpayer will end up footing the bill as a result.</p><p pid="315.8">This morning the Taoiseach said if we are not able to capitalise those assets we will place a levy on the banks.  However that levy will be paid by the banking customers, small businesses in this country which will have to pay a double tax: first, the levies the Government introduced yesterday; and second, the additional levy that will be placed on the banks to pay for the gamble the Minister has proposed.  It is clear from the equity markets this morning that they do not believe it is the solution to the problem.  Bank of Irelandâ€™s value has collapsed by 31.6% in morning trading and Anglo Irish Bankâ€™s by 33.6%.</p>]]></content:encoded>
	<dc:date>2009-04-08T15:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g300.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g300.0</link>
	<description>Cardboard boxes is what that means.</description>
	<content:encoded><![CDATA[<p pid="300.1">Cardboard boxes is what that means.</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g296.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g296.0</link>
	<description>Instead, the Minister cancelled Christmas.</description>
	<content:encoded><![CDATA[<p pid="296.1">Instead, the Minister cancelled Christmas.</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g294.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g294.0</link>
	<description>They are not all older people.</description>
	<content:encoded><![CDATA[<p pid="294.1">They are not all older people.</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g292.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g292.0</link>
	<description>The majority of the other 10% are social welfare recipients.</description>
	<content:encoded><![CDATA[<p pid="292.1">The majority of the other 10% are social welfare recipients.</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g290.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g290.0</link>
	<description>What will happen to those who do not have photo identification?</description>
	<content:encoded><![CDATA[<p pid="290.1">What will happen to those who do not have photo identification?</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g231.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g231.0</link>
	<description>We lost our competitiveness some time ago.</description>
	<content:encoded><![CDATA[<p pid="231.1">We lost our competitiveness some time ago.</p>]]></content:encoded>
	<dc:date>2009-04-08T13:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g219.0">
	<title>Financial Resolution No. 11: General (Resumed). | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.165.0&amp;m=599#g219.0</link>
	<description>The Chair should give Deputy Rabbitte another five minutes.  The Taoiseach is enjoying himself. </description>
	<content:encoded><![CDATA[<p pid="219.1">The Chair should give Deputy Rabbitte another five minutes.  The Taoiseach is enjoying himself. </p>]]></content:encoded>
	<dc:date>2009-04-08T12:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-08.2.0&amp;m=599#g27.0">
	<title>Leaders&acirc;€™ Questions | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-08.2.0&amp;m=599#g27.0</link>
	<description>The banks are being given a blank cheque.</description>
	<content:encoded><![CDATA[<p pid="27.1">The banks are being given a blank cheque.</p>]]></content:encoded>
	<dc:date>2009-04-08T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g91.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g91.0</link>
	<description>I ask the T&Atilde;&iexcl;naiste to review the matter and ensure it is addressed.</description>
	<content:encoded><![CDATA[<p pid="91.1">I ask the TĂˇnaiste to review the matter and ensure it is addressed.</p>]]></content:encoded>
	<dc:date>2009-04-02T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g88.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g88.0</link>
	<description>In light of the fact that we should be trying to support small businesses&acirc;€”&acirc;€”</description>
	<content:encoded><![CDATA[<p pid="88.1">In light of the fact that we should be trying to support small businessesâ€”â€”</p>]]></content:encoded>
	<dc:date>2009-04-02T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g86.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g86.0</link>
	<description>There is legislation, namely, the local government Bill.  Many small businesses around the country have been supplying local authorities for many years without any problem whatsoever.  The...</description>
	<content:encoded><![CDATA[<p pid="86.1">There is legislation, namely, the local government Bill.  Many small businesses around the country have been supplying local authorities for many years without any problem whatsoever.  The additional conditions pertaining to turnover are now being imposed on them and will actually put them out of business.</p>]]></content:encoded>
	<dc:date>2009-04-02T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g84.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g84.0</link>
	<description>It is very relevant to the Order of Business.  Unless the employer has a turnover of &acirc;‚&not;1 million, he cannot now tender for a contract he has held for many years.  This issue is arising right...</description>
	<content:encoded><![CDATA[<p pid="84.1">It is very relevant to the Order of Business.  Unless the employer has a turnover of â‚¬1 million, he cannot now tender for a contract he has held for many years.  This issue is arising right across the country.  Small businesses that have been providingâ€”â€”</p>]]></content:encoded>
	<dc:date>2009-04-02T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g82.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-02.15.0&amp;m=599#g82.0</link>
	<description>On promised legislation, in light of the fact that an employer in County Roscommon who has been supplying local authorities with safety equipment for many years has now received information from...</description>
	<content:encoded><![CDATA[<p pid="82.1">On promised legislation, in light of the fact that an employer in County Roscommon who has been supplying local authorities with safety equipment for many years has now received information from Cork County Councilâ€”â€”</p>]]></content:encoded>
	<dc:date>2009-04-02T10:30:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-01.100.0&amp;m=599#g137.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-01.100.0&amp;m=599#g137.0</link>
	<description>It is on the Order Paper.</description>
	<content:encoded><![CDATA[<p pid="137.1">It is on the Order Paper.</p>]]></content:encoded>
	<dc:date>2009-04-01T12:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-01.100.0&amp;m=599#g133.0">
	<title>Order of Business | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-01.100.0&amp;m=599#g133.0</link>
	<description>With regard to secondary legislation laid before the House yesterday, No. 8, the European Communities (Good Agricultural Practice for Protection of Waters) Regulations 2009, will it introduce a...</description>
	<content:encoded><![CDATA[<p pid="133.1">With regard to secondary legislation laid before the House yesterday, No. 8, the European Communities (Good Agricultural Practice for Protection of Waters) Regulations 2009, will it introduce a duplication of inspection from the Department of Agriculture, Fisheries and Food and local authorities with regard to water quality.  In light of the current economic circumstances and given that we do not have resources to provide home help, why are we introducing a second layer of inspections on the agricultural community?  Will we have an opportunity in the House to debate S.I. No. 101 of 2009?</p>]]></content:encoded>
	<dc:date>2009-04-01T12:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g93.2">
	<title>Official Engagements. | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g93.2</link>
	<description>Was there bilateral discussion on the impact on US citizens in Ireland?</description>
	<content:encoded><![CDATA[<p pid="93.2">Was there bilateral discussion on the impact on US citizens in Ireland?</p>]]></content:encoded>
	<dc:date>2009-04-01T11:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g86.4">
	<title>Official Engagements. | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g86.4</link>
	<description>I have three brief questions for the Taoiseach.  On tax haven legislation, is it not the case that the legislation currently being proposed goes far beyond the issue of tax havens and that US...</description>
	<content:encoded><![CDATA[<p pid="86.2">I have three brief questions for the Taoiseach.  On tax haven legislation, is it not the case that the legislation currently being proposed goes far beyond the issue of tax havens and that US companies operating legitimately outside of the United States could be taxed on the double?  For example, the Bank of America has 14 subsidiaries here in Ireland.  What we will do is handicap US businesses investing in countries such as Ireland.  Will the Taoiseach outline how we can progress this issue?  It is of crucial importance to our part of the country where many US multinational companies are based.</p><p pid="86.3">The Taoiseach mentioned the bilateral deal with Australia and spoke about putting in a provision regarding a reciprocal arrangement for visas.  How feasible is the proposal put forward by the Taoiseach?  Also, have we considered the situation regarding US nationals based in Ireland who may have similar problems regarding residency?  Could we use that mechanism to put forward proposals regarding the Irish in the United States?</p><p pid="86.4">My final question relates to Guantanamo and the commitment given by the Taoiseach to the US authorities in his interview.  The Taoiseach made the point that if people were to come to Ireland under that scheme, we would keep a very close eye on them here.  We cannot do that.  Many immigrants here currently have disappeared from the system while being processed.  How then will we have the resources to monitor additional people coming into the country?  I note the Minister for Agriculture, Fisheries and Food is beside the Taoiseach.  I understand President Obama raised the issue of Afghanistan and, perhaps, the role Ireland could play in that regard.  I understand the Taoiseach made the suggestion that because of our strong background in agriculture, we might be able to provide assistance in Afghanistan in the growing of crops other than poppies.  Will the Taoiseach elaborate on that point?</p>]]></content:encoded>
	<dc:date>2009-04-01T11:00:00+00:00</dc:date>
</item>
<item rdf:about="http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g71.0">
	<title>Official Engagements. | D&amp;aacute;il debates</title>
	<link>http://www.kildarestreet.com/debates/?id=2009-04-01.59.0&amp;m=599#g71.0</link>
	<description>Question 12: To ask the Taoiseach   if he will report on his visit to Washington DC; and if he will make a statement on the matter.   [11065/09]</description>
	<content:encoded><![CDATA[<p pid="71.0"><i>Question 12:</i> To ask the Taoiseach   if he will report on his visit to Washington DC; and if he will make a statement on the matter.   <b>[11065/09]</b></p>]]></content:encoded>
	<dc:date>2009-04-01T10:30:00+00:00</dc:date>
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