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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: They are estimates, not assertions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: American banks write off losses, Irish banks do not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: In the case of the deposits of €100,000 across the eurozone, the pari passu situation that obtained legally in Ireland could have been set aside just as the deposits above €100,000 were set aside in Cyprus. It was an act of financial cowardice that the scale of the problem was not dealt with. Deputy Boyd Barrett is correct. The retrospective understanding or admission that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: -----of a write-down of the moneys owed by banks to the euro system, to the central banks-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: At that point the Minister could insist that such a move is not acceptable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: Businessmen insist.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: A financial transaction tax might go towards that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: We are talking about loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: I am standing up for my people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Peter Mathews: That is the nicest thing the Minister said all day.

Housing (Amendment) Bill 2013: Second Stage (Resumed) (9 May 2013)

Peter Mathews: The next speaker is Deputy Joe O'Reilly who I understand is sharing his time with Deputies Gerald Nash and John Paul Phelan.

Written Answers — Department of Jobs, Enterprise and Innovation: Work Permit Applications (9 May 2013)

Peter Mathews: 109. To ask the Minister for Jobs, Enterprise and Innovation the position regarding an application for a work permit in respect of a person (details supplied); and if he will make a statement on the matter. [21961/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: I welcome the following officials from the Department of Finance: Mr. Aidan Carrigan, Mr. Tony Gallagher, Mr. Des O'Leary, Mr. Fergal Ó Brolcháin and Ms Niamh Campbell. I look forward to their presentations and the opportunity to discuss with them the issues arising. Mr. Carrigan will be invited to make his opening statement, which will be followed by a question and answer...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: I wish to take up one of the points made by Senator Byrne, the need to be careful on how we present outcomes. While it may have been the best possible outcome, given the circumstances and the competing objectives, if we feel there could have been a better outcome overall and in the subsets of the overall, we should say so, otherwise nobody will know that we are aiming for a further...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: Does Ms Campbell know the original figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: That is great.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: For public consumption, if there are key or highlight areas that we held the line or improved the line, a little table stating that the Border, midlands and west region will get an allocation of €335 million and the rural development has been allocated €115 million so that people can capture the information quickly rather than having to travel through sentences as to what was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: To put it in simple, across-the-table language, it is a peer review framework of the budget plans of the separate countries in the eurozone area, so that they can decide if there is too much or too little of change in the government budgets of a particular country.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: That is nursery room speak that people can understand. When one is talking in language with more syllables and all the rest, it is impossible to understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Peter Mathews: No. It is like a template framework to look at the key areas of budgeting, expenditures and incomes, country by country, government by government, at a certain time in the year before the plans get formalised. There can be judgments about what tweaking needs to be done.

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