Results 21,201-21,220 of 27,019 for speaker:Michael Noonan
- Fiscal Code (23 May 2012)
Michael Noonan: It is impossible to answer if the Deputy keeps shouting at me.
- Fiscal Code (23 May 2012)
Michael Noonan: Are they a bit unruly?
- Fiscal Code (23 May 2012)
Michael Noonan: I am sorry. What did Deputy Lawlor ask me?
- Fiscal Code (23 May 2012)
Michael Noonan: If we vote "No" we will reach the back end of 2013 and we will have no money. We will need â¬16 billion or so for the following year and we will have no money. The Deputies opposite will then be whingeing, shouting and roaring about cutbacks in health services, education and everywhere else because if we get no money we will have to make the adjustment in one year. If we spread it out...
- European Council Meetings (23 May 2012)
Michael Noonan: I propose to answer Questions Nos. 7 and 12 together. I attended the meeting of ECOFIN on 15 May 2012 at which the following were the main points. Ministers reached agreement on two legislative proposals to amend existing EU rules on capital requirement for banks and investment firms. The objective of the proposals is, inter alia, to ensure that the effectiveness of the regulation of credit...
- European Council Meetings (23 May 2012)
Michael Noonan: The comments attributed to me in Der Spiegel are totally and completely untrue. The Greek Finance Minister came up to me after my contribution and thanked me personally for my support in the course of the meeting. I do not know who did the spinning but it was the opposite of the views I expressed that appeared in Der Spiegel. On the other issue about the level of trade between Ireland and...
- European Council Meetings (23 May 2012)
Michael Noonan: I have dealt with all those issues as well. If the Deputy looks back at an interview I did in Brussels on Monday, which he can pull down on the RTE website, he will note that I dealt with all the wider issues. While I was not as alarmist as the Deputy was, I acknowledged the fact that there is a major problem in the eurozone at present because of the situation in Greece, but I was dealing...
- European Council Meetings (23 May 2012)
Michael Noonan: My view is that the talks in Brussels will not conclude tonight because, as the Deputies are aware, French parliamentary elections will take place in June and the party of the French President will campaign on the basis of a jobs and growth agenda and any agreements with colleagues in Europe will be arrived at after the elections. I believe this is how it will play out. I see Deputy Higgins...
- European Council Meetings (23 May 2012)
Michael Noonan: What I am saying is not pie in the sky. There has been a change in the debate in Europe and it is being driven by France. It is impossible to state at this point what the tangible results will be. There certainly has been at a minimum a huge change in emphasis and a very strong commitment to pursuing a jobs and growth agenda in parallel with balancing budgets in the member countries. When...
- European Council Meetings (23 May 2012)
Michael Noonan: This is how the growth and jobs agenda will be developed and this is what the Government will do.
- European Council Meetings (23 May 2012)
Michael Noonan: I remember them alright but I am constrained by time. If I have time to answer only two I cannot answer 20. It is simple arithmetic.
- European Council Meetings (23 May 2012)
Michael Noonan: I had already answered that question. There is no point in answering the same question twice.
- European Council Meetings (23 May 2012)
Michael Noonan: You did not like the answer and you want me to give a different one.
- National Asset Management Agency (23 May 2012)
Michael Noonan: I am advised by NAMA that it plans to invest substantial funding over its lifetime in preserving and enhancing the assets that secure its loans, including significant investment in assets located in Ireland, and that a substantial portion of its cash reserves will be used for this purpose. In fact, the chairman of NAMA today announced plans to invest â¬2 billion by 2016. By the end of...
- National Asset Management Agency (23 May 2012)
Michael Noonan: It is not the same â¬2 billion, but an additional â¬2 billion.
- National Asset Management Agency (23 May 2012)
Michael Noonan: NAMA feels it can fulfil this commitment and-----
- National Asset Management Agency (23 May 2012)
Michael Noonan: ----- it has the resources to do it.
- National Asset Management Agency (23 May 2012)
Michael Noonan: On Deputy Doherty's question, based on this morning's statement by the NAMA chairman, Mr. Frank Daly, my understanding is that the money about which he was talking is to be spent in Ireland. The Deputy will be familiar with the types of projects already. For example NAMA invested in refitting the cinemas in The Square in Tallaght. They are now open and employing 80 people. Previously it...
- National Asset Management Agency (23 May 2012)
Michael Noonan: It will be a question of how it works out. NAMA now has employees with significant experience in property development. It would be unreasonable to suggest just running the property portfolio and selling everything if by investing a few million euro it were possible to double the price that could be achieved on the sale. That should form part of what a property management company should do...
- EU-IMF Funding (23 May 2012)
Michael Noonan: It is not clear what other source of funding would be available if the stability treaty is rejected, with the resulting loss of access to the ESM. However, what is clear is that any funding that would be available would cost considerably more than any prospective ESM funds. The IMF has indicated that it will provide funding to Ireland only as part of a European initiative. I have consulted...