Results 26,041-26,060 of 27,019 for speaker:Michael Noonan

Written Answers — School Staffing: School Staffing (12 Oct 2010)

Michael Noonan: Question 192: To ask the Tánaiste and Minister for Education and Skills if her attention has been drawn to the fact that a school in Limerick (details supplied) which had three caretakers to look after the building and 40 acres of grounds, has now been reduced to one caretaker; if her Department will provide the school with the additional funding necessary to employ a second caretaker; and...

Written Answers — School Staffing: School Staffing (12 Oct 2010)

Michael Noonan: Question 194: To ask the Tánaiste and Minister for Education and Skills if she will make provision to provide additional secretarial assistance to a school (details supplied) in Limerick; and if she will make a statement on the matter. [35951/10]

Written Answers — Schools Refurbishment: Schools Refurbishment (12 Oct 2010)

Michael Noonan: Question 193: To ask the Tánaiste and Minister for Education and Skills if her attention has been drawn to a submission by a school in Limerick (details supplied) for a total phased upgrade of it's accommodation; if she will sanction the master plan and provide the necessary funding for its phased implementation; and if she will make a statement on the matter. [35950/10]

Written Answers — Special Educational Needs: Special Educational Needs (6 Oct 2010)

Michael Noonan: Question 161: To ask the Tánaiste and Minister for Education and Skills if a special needs assistant will be provided to a pupil (details supplied) at a school in Limerick; and if she will make a statement on the matter. [35352/10]

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: If the situation were not so serious, the catch phrase from Laurel and Hardy would be appropriate, namely, "another fine mess you've gotten us into". This is an appalling disaster. The Government's strategy on banking has collapsed around it and the credibility of the Minister for Finance is in tatters this morning. Following all the spin and propaganda, the country is left in the situation...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: That is true. I am not saying the Minister is responsible for that; that was the Taoiseach's responsibility.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: We are saying that the Minister is responsible for the architecture of the banking rescue strategy-----

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: -----which is now in broken pieces on the floor.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: Some months ago, the headline "Can a Bank Bring Down a Country?" appeared in the New York Times. The answer to that is, I regret, yes it can if the Government collaborates with the bank. We have almost reached the point of the rescue of Anglo Irish Bank bringing down this country with the Minister being forced this morning to announce the closure of the bond markets. The closure of the...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: The Government will also have to nominate the taxes it proposes to increase. The Minister has a great nerve, with a couple of months to go in the life of this Administration, to commit a subsequent Government to budgetary profiles for the next four years. I return to the issue of bondholders because it is crucial to this debate. Negotiating agreed discounts with bondholders is not a novel...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: We will come to that. The senior debt holders were next in line after subordinated debt holders and deposit holders were to take the last hit. Democracies, in their prudence, have introduced statutory schemes to protect deposit holders. The scheme in place here used to protect deposits of up to €20,000 but the figure was increased to €100,000 during the Minister's time in office, which...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: This policy will also be operational across Europe. Therefore, to accuse the Fine Gael Party of suddenly pulling rabbits out of hats and being irresponsible when it advocates that the Minister take the power in law to do what nations have agreed across Europe and are about to implement in a directive-----

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: Maureen Potter, speaking about Charles Haughey's contraceptive Bill, stated it was a great pity he did not make it retrospective.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: The Minister has claimed he does not have legal authority to reduce the liability to senior bondholders. Last night, I asked him to give a commitment to introduce bank resolution legislation similar to that being drawn up all over Europe. There is a gap in the statutory policy instruments available to central banks and many countries in Europe, including Ireland, for dealing with the...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: It can be done. The Minister gave me a vague answer last night when he stated he would legislate in the autumn. Two months of the autumn have elapsed already. When I asked him to do this in October he stated he could not do so and he now proposes to do it in autumn. In which autumn of which year will it be done? I am pleased to note from the Minister's statement this morning that he will...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: I am glad Deputy Dooley is thinking of his neighbours. The part of County Clare it is proposed to transfer to Limerick is safe with the two Deputies behind it. The Minister of State, Deputy Peter Power, will bring it into Limerick while Deputy Dooley will keep it out. I accept the Minister is providing some degree of certainty this morning. Why did he not do so six months ago or when bond...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: The Minister could still have done what he is doing now. Instead of using the €2.5 billion provided for in the NAMA business plan to pay smart accountants to go through the files one by one, he could have done what he now proposes, namely, take a tranche of loans, sample it, arrive at a discount and proceed with the transfer.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: The Minister stated this morning that he has notified the Commissioner that this will be done in future and that the Commissioner is satisfied with this approach. It must be allowed if the Commissioner has agreed to it. The reason the Minister is able to state that the remaining bad debts in Anglo Irish Bank will be transferred to NAMA in one tranche and will no longer be taken sequentially...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: The changes with regard to the National Asset Management Agency are good. It was ridiculous that every debt above €5 million was the subject of transfer when all the main banks have large units trained to work out, with the banks' clients, the wind-down of debt that cannot be paid. A threshold of €20 million is much more reasonable. NAMA also made a mistake in responding to political...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Michael Noonan: Will it follow in the calendar year 2011 or is it after 12 months? It is not even the 2010 accounts yet, as far as I know. If it goes into the 2010 accounts is it only to the end of the year and will we be able to say in January 2011, to give confidence to the market, that the fiscal deficit is now down by 20%?