Results 49,521-49,540 of 49,836 for speaker:Stephen Donnelly
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I told you why I am undecided------
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: The IMF would.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: That was my point exactly.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: There is the structural deficit.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: It is â¬5 billion a year.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: What does the Deputy think will happen?
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I do not do that.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I do not.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That was a time-limited guarantee and what the Minister has just stated is absolutely not true.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That was a time-limited guarantee and we, as the sovereign, are under no obligation to honour an expired guarantee. The Minister has just stated he is not seeking or has not achieved any write-down in the total quantum of debt.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Okay. This is the question I want to ask the Minister. The Taoiseach has stated in this Chamber that in all negotiations, including those in respect of the bondholders and the promissory notes, the present Government has never sought, is not seeking and will never seek any write-down in the total quantum of debt Ireland ultimately will owe. He has made that statement in this Chamber and...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Can the Minister confirm he was not actively seeking such write-downs? I apologise but this is an extremely important point. That was not the question, as I understand the position of the ECB and the Commission. Directly contradictory claims have been made by members of the Cabinet and this is extraordinarily important. Despite what is the ECB's position or despite what it has told the...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That is not the question. I understand that.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That is not what I asked the Minister. That is not the question.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Question 3: To ask the Minister for Finance the way in which the â¬90 million cost of the recent arrangement on the March promissory note payment is arrived at; the final beneficiaries of this â¬90 million; if there was agreement from the European Central Bank, prior to his announcement of 29 March, to lend the required funds to Bank of Ireland; if so, at what rate, or if Bank of Ireland...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: The back and forth exchange with Deputy TóibÃn and the answer the Minister just outlined reinforce what was a very disappointing statement. The Minister made a statement in the Chamber. He told us he was spending â¬90 million of our money and he refused to answer any questions but he did have time for an interview with RTE afterwards. We have only come back after a two-week gap. It was...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: The nub of my question is who is the beneficiary. My understanding is that the ECB will lend the money when the bond is repo'd to Bank of Ireland at 1%. What I would like to know is at how much is Bank of Ireland going to lend the money to IBRC and whether Bank of Ireland will walk away with a profit. The Minister stated that the â¬90 million additional cost is entirely circular. I hope...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: I appreciate the advantage of not using the troika facility, but we are still borrowing. The Government merely issued a bond for it. In real terms, we have merely borrowed it.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Hopefully.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Am I correct in thinking that, broadly, Bank of Ireland will make approximately â¬30 million this year out of that deal? If we take 135 basis points on â¬3.06 billion over nine months, there is approximately â¬30 million for Bank of Ireland out of the deal.