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Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: That was enlightening. I thank the Minister of State, Deputy Perry, for his attendance. I have much personal regard for him but I think most colleagues would agree it is somewhat disappointing that neither the Minister for Finance nor the Minister of State at the Department of Finance are here. That is no reflection on the Minister of State. This is an important extension of the bank...

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: Sinn Féin abstained.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: Obviously, some people's sensitivities are affected.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: To get back to the kernel of the motion, it is important this guarantee is extended. There is no alternative to this at the moment, in particular in light of the ongoing crisis in the eurozone. I refer to the new Government's banking policy. The Minister of State and the Minister for Finance have taken a lot of the commendations they have been getting from the ECB and other commentators...

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: The Senator is splitting hairs.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: Hear, hear.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: What does the Senator mean?

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: Senator Gilroy should try to say that with a straight face.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: This is the same old nonsense.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: This is a renewal, the Government does not have to do it.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: That was amended in 2009.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: When was that narrowing done? It was in 2009 and the Labour Party opposed that as well.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: We are the only consistent party on this issue.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Darragh O'Brien: On a point of order, in fairness I do not think Senator D'Arcy meant to say that and I ask him to withdraw those remarks.

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: Why is the Minister, as opposed to the Minister of State, going to Abbeyleix?

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: That is not right.

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: We did not get an opportunity to have a proper debate prior to the budget. There are further reports today of a 10% increase in premiums for private health insurance policy holders. This increase will be brought about because the Minister for Health is going to impose a 31% increase on private health insurers for the use of public beds. Is the Leader aware that since 2009, more than...

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: Yes, where is the legislation the Government promised to ensure the covered institutions would pass on the rate decreases? Where is the mortgage arrears implementation strategy that was promised would be published before the budget? It has not been published. The Minister for Finance said it might be published by Christmas but I doubt that. The Government has gone through a full year...

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: Fine Gael and the Labour Party are in Government.

Seanad: Order of Business (1 Dec 2011)

Darragh O'Brien: What did the Government promise? It said it would have a mortgage arrears implementation strategy.

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