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Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: I have three supplementary questions. They are short and I would not mind if the Minister answered them later.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: The Minister mentioned he would favour the idea of a State recovery bank. We on this side of the House believe the pension reserve fund could be used in that respect. Has the Minister considered this option? If he answers at a later time, I will not mind. The Minister also mentioned rolled up interest, an issue I raised with him previously. During the debate on NAMA, there was more than...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: I raised the issue given that, at a committee meeting, Mr. Neary stated the assets were doubly secure in many cases.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: On the security issue, I asked about some developers borrowing money through special purpose vehicles, SPVs.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: This is an important question. The last time I asked it-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: Borrowing through SPVs meant no security was given, just the initial investment. Were there many such loans and how do they stand?

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: That is a fair point.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: That is the public service approach.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: There is science in forecasting but there is also an opinion. We would value it if we got the Minister's opinion and his call on the forecasting because there will be facts and figures and there will be his version of what he thinks they are. We need it in order to be able to work on the figures so I ask if the Minister could provide it in the near future. I have a couple of questions for...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: I have two brief questions.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: The Minister recently published a statement on the paid advice and evidence he had sought on the bank guarantee scheme. Did the Minister receive any advice for which he did not pay and which the House should know about? He might wish to share such advice with the House, if it exists, as it might help us. If any advice exists which affected the Minister's decision it would be helpful to...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: They are paid staff; I asked about unpaid opinions.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: I understand it.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: That is not my suggestion. I asked for the Minister's thoughts on the loan guarantee .

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: The Minister should not assume what I am thinking.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: My question is whether anyone approached the Minister or his office.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Damien English: Thank you. I have a brief supplementary question.

Written Answers — Electronic Payments: Electronic Payments (19 Oct 2010)

Damien English: Question 202: To ask the Minister for Finance in view of the fact that a recent report estimated very significant savings to the Irish economy from the more widespread use of electronic payments, if he will outline his strategy to drive electronic payments here; if that strategy is being implemented in a timely fashion; and if he will make a statement on the matter. [37185/10]

Written Answers — Garda Stations: Garda Stations (19 Oct 2010)

Damien English: Question 205: To ask the Minister for Finance his plans to develop a building at a location (details supplied) or to provide a new facility in the area for the Garda Síochána; and if he will make a statement on the matter. [37240/10]

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed). (14 Oct 2010)

Damien English: It was agreed that there would be a questions and answers session when statements had concluded.

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