Results 48,241-48,260 of 49,836 for speaker:Stephen Donnelly

Mortgage Restructuring Arrangement Bill 2013: Second Stage [Private Members] (1 Oct 2013)

Stephen Donnelly: I commend Deputy Joan Collins's proposal. The proposal would see the mortgages of insolvent borrowers written down to 110% of market value. This would be one specific solution within the new insolvency legislation and I want to illustrate for the House how this would work. For example, let us take two borrowers, both of whom are insolvent and with no chance of getting out of insolvency...

Written Answers — Department of Finance: IBRC Liquidation (1 Oct 2013)

Stephen Donnelly: 203. To ask the Minister for Finance if he intervened in the publication of Anglo Irish Bank's statement of affairs to ensure neither depositors nor borrowers were named as reported; if so, the reason for such an intervention; the legal ramifications of ministerial interventions to facilitate closure; and if he will make a statement on the matter. [40685/13]

Written Answers — Department of Social Protection: Civil Registration Legislation (1 Oct 2013)

Stephen Donnelly: 321. To ask the Minister for Social Protection if she will amend the Civil Registration Act 2004 to allow deaths to be registered in the absence of a medical certificate of cause of death, or on foot of a coroner's certificate, to specifically allow for deaths of unborn children to be registered; and if she will make a statement on the matter. [40430/13]

Written Answers — Department of Children and Youth Affairs: Child Protection Services (26 Sep 2013)

Stephen Donnelly: 232. To ask the Minister for Children and Youth Affairs the further progress that has been made in implementing the recommendations of the report of the Independent Child Death Review Group since her replies of 28/03/2013 and 18/07/2013; the total number of social workers employed in Children and Family Support Services at present, and this number for each of the past five years; if and when...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: Thank you, so the Central Bank has the power.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: What is the Central Bank going to do about this banking lottery that is going on, where if one happens to be with Bank of Ireland, one is in trouble? However, if one happens to be with AIB, one is in less trouble. We have this banking lottery. What is the Central Bank going to do about the fact that now, a few months into the process, some banks are beginning to offer more sustainable...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: My question was -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: My question is what is the Central Bank going to do to get that consistency.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: My last question concerns sustainability. Two of the key words in the Governor's statement and in this process are "sustainable" and "affordable". If we ignore the pretend split mortgage from Bank of Ireland, the split mortgage in most cases looks at what happens if the household improves its financial situation. The bank will knock on the door every three years or so and say it wants half...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: We know what it is, they came in and told us two weeks ago. On the basis that for many people it constitutes a 76% marginal tax rate, does Professor Honohan believe that is sustainable?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: I understand. I am sorry to cut across the professor, but I have run out of time. My question is whether Professor Honohan accepts that the split mortgage as it has been described to us, which will constitute a 76% marginal tax rate, meets the Central Bank's requirements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: Do those versions include ones where the Government takes 52% -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: I want Professor Honohan to take the example the banks have told us they are using, which is that the bank will take 50% of the net additional income, constituting a 76% marginal tax rate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: I have just told Professor Honohan the circumstances.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Stephen Donnelly: I thank the Governor for coming before the joint committee. As always, he is showing openness in his interaction with us. The Governor noted in his opening statement that the early indications suggest this process is working. In my opinion, the contrary is the case and the process is not working, certainly not in the interests of the economic recovery of the country. We see a major...

Leaders' Questions (25 Sep 2013)

Stephen Donnelly: We are just weeks away from what may be the hardest budget in the entire recovery from our economic collapse. The Taoiseach will be aware that the ex-IMF mission chief to Ireland, Professor Ashoka Mody, made a compelling case on "Prime Time" last night that the austerity drive should be relaxed, at least temporarily, to give the economy a boost in the arm.

Leaders' Questions (25 Sep 2013)

Stephen Donnelly: The good news, as the Taoiseach will also know, is that according to the Government proposal to the European Commission last April, we are set to exceed the troika target for next year by €1.3 billion or €1.4 billion. The troika target in the memorandum of understanding, which is referenced in all of its quarterly reviews, is for the general Government deficit to be no more...

Leaders' Questions (25 Sep 2013)

Stephen Donnelly: First, does the Taoiseach agree that the proposal put to the European Commission in the stability programme update exceeds the 5.1% target by €1.3 billion or €1.4 billion? I ask that question so that we can have a baseline. Second, does the Taoiseach agree that this comes from a Fianna Fáil figure from 2010? It is the only place where I can find it.

Leaders' Questions (25 Sep 2013)

Stephen Donnelly: It is not in the memorandum of understanding and it is not in any of the quarterly reviews.

Leaders' Questions (25 Sep 2013)

Stephen Donnelly: Third, does the Taoiseach agree that there is a compelling case to exceed the troika target, but to use approximately €1 billion for investment, at least for next year?