Results 25,281-25,300 of 26,162 for speaker:Kieran O'Donnell
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: We are toldââ
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: We have been made aware that the Minister for Finance and Taoiseach said they were aware of the transactions as long ago as March. Furthermore, they said due diligence applied. At the time of the nationalisation of the bank, they knew about the â¬300 million. Will this be recovered? We are not told it will be.
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: Ultimately, â¬300 million could be used for many purposes. An allocation of â¬7 million has been cut in respect of special needs education. Schools in Deputy Kennedy's constituency and mine are affected. The money could have been used to fund medical cards and a range of measures. What we are doing is trying to restore the integrity of the Irish banking system. The people are entitled...
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: The Deputy did not contribute to that effect.
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: The Deputy contributed pure tripe â Ballymagash â which does this House no justice. The Irish banking system needs a shot of integrity. International markets keeping an eye on the matter need to be given confidence. Fine Gael proposed that the board members and CEO of the Financial Regulator should resign â this is nothing personal. There needs to be a proper investigation of the...
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: That does not mean it is not the correct thing to do. That is the position we have put forward. Money is being put into Anglo Irish Bank and the two main banks without any absolute knowledge. I hope tomorrow's PwC report will shed light on the situation. We came up with a simple concept, namely, to create two good banks, AIB and Bank of Ireland, and transfer the good assets into the two...
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: Absolutely not.
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: No. We do not want taxpayers' money to be used to fund a business that is clearly not viable.
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: With all due respect to the Minister, I have 20 minutes to speak. Deputy Kennedy spoke for 20 minutes. He did not deal with anything relating to the legislation and I am entitled to a right of reply, nothing more.
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: How much time do I have left?
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: I wish to deal with the issue in context. The cuts, which are emergency measures, are designed to restore financial stability to the economy. I will return to the measures, but first we must examine the matter in an integrated way. We must get funds flowing to small businesses and mortgage holders. We need an integrated approach because nothing happens in isolation. The banks, the public...
- Financial Emergency Measures in the Public Interest Bill 2009: Second Stage (19 Feb 2009)
Kieran O'Donnell: We are doing quite the opposite.
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: Question 40: To ask the Minister for Finance if he will make changes to the public service pension levy to correct unfair elements in its structure. [6590/09]
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: The Minister said there are no unfair elements to the pension levy but there are two. The first relates to the lower paid. Does the Minister consider it fair that a single person working in the public service earning â¬25,000 will only qualify for the contributory old age pension and will get no benefit from 5% of the contribution he or she is making to the public sector? Does the Minister...
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: This is about real people's lives and this is not a global equation. The State will only recoup â¬800 million rather than the â¬1.4 billion the Taoiseach stated when the measure was announced. It, therefore, will not work. The word "emergency" is used in the Title to the Bill. The term "emergency" normally indicates something short-term. Is this a long-term pension levy? The Minister...
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: That is in the future
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: Is the Minister giving a commitment?
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: It will over time.
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: They are gross figures.
- Tax Code. (18 Feb 2009)
Kieran O'Donnell: Will the pension levy be a long-term measure?