Results 14,061-14,080 of 27,019 for speaker:Michael Noonan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: The Eurogroup meeting will meet at 15.00 hours. Mr. Dijsselbloem will chair the meeting and he will run the agenda. We will address the items on the agenda. This will be the same procedure at the ECOFIN meeting. The Deputy is so used to getting up and saying whatever he likes in committees such as this and in the Dáil, that he does not understand procedures where a chairman will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: The Chairman of this committee, Deputy Lynch, is a very benign chairman so he allows Deputy Boyd Barrett to ramble on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: No, they are not; they are just running orderly meetings. They do not close off anything.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: We do not do walk-outs either or throw tantrums.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: Because the discussion on banking union is at 9 a.m. in the morning with the European Parliament and with the present President and the next President of the Eurogroup. It is not at the plenary session which I will be attending.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: Excuse me?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: No. The way it works is that there is a regular agenda item. It goes through the programme countries and it may refer to other countries as well where there may be particular difficulties. The Commission reports, the European Central Bank and the IMF comment and then the particular member states reply to the comments made. This is a very brief process. In the case of Ireland the comments...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: Everybody at the Eurogroup meeting knows my position on these issues.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: Everybody knows the European rules. We have debated them several times. The Deputy is not actually asking me for any information about the ECOFIN meeting on Friday which is the purpose of this discussion today. The Deputy is grandstanding like a long-playing record on the issues on which he has majored for three years and where he has been proved wrong on every prediction he has made.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: The prediction that we would have to default, that there was no choice but to default, that we would be Argentina and Iceland, that we would all be ruined, that we are banjaxed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: Every time the Deputy gets up he is on the same list-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: I have not said anything like that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: That information is all on the record; we have had these debates on several occasions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: I suggest the Deputy does some research; it is all on the record of the Dáil.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: The problem with a hypothetical discussion like this is, as I have already said, there is no advice from the Central Bank that there will be any capital requirement. The longer we discuss the issue, it gives credence to the theory that there will be a capital requirement. We will be off again with another, "'We'll all be rooned," said Hanrahan, "Before the year is out."' It is not like...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: There is no advice from Europe to the effect of the Deputy's comment but, of course, within the Irish banks, there is always the potential for a rearrangement of provisioning. We have the CoCos within the banks and so on. After profit sharing and private funds, rearrangement of provisioning by the use of CoCos and so on would be the next step in the process. As I have said, I do not want...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: ECOFIN does its business in an ordered fashion. It has a defined agenda for its meetings. I was asked to discuss the ECOFIN meeting on Friday and the agenda items. The question raised by Deputy Doherty is not an agenda item for Friday's meeting. I can see the Deputy's point of view, but if we are to have meetings every quarter along these lines, I do not think it would be fruitful that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: I answered Deputy McGrath's question because the issue he raised will be addressed at the Eurogroup meeting. The issue about which Deputy Doherty inquired will not be addressed at the Eurogroup meeting because it is not on that agenda either. What I am trying to say to the Deputy is that if we are to have fruitful discussions at these meetings, where the Deputies and I exchange information...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: In the interests of goodwill and to help the Deputy's campaign for the leadership of his political party, I will read the note I have on it. It has been agreed by the Eurogroup that retrospective recapitalisation of banks on a case by case basis can be considered once the direct bank recapitalisation instrument comes into force. However, there is a long way to go in the negotiations and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)
Michael Noonan: "I like you - good riddance" - I like you too, Richard.