Results 2,181-2,200 of 27,945 for speaker:Michael McGrath

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: They were under guarantee at that time.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The Minister's party supported that guarantee.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The Deputy's party wanted to nationalise it.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: If I may, I will share time with Deputies Calleary, Kelleher and Dooley.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: I think Deputy Mathews needs much more than 10 seconds.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: If I may, I have limited time. It may suit the Minister, Deputy Noonan, and the Government to blame everything on the bank guarantee and that is what he sought to do tonight once again in his speech. He ignored some basic facts. First, he and his party fully supported the bank guarantee. Second, on coming into office in March last there was still €36 billion of unguaranteed senior bonds...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: When the Minister talked about the bank guarantee, he stated that the Labour Party wanted to nationalise the banking system at the time and he stated that this would have been worse than any guarantee.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: That is what the Minister stated.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: Deputy Costello's own colleague stated that the Labour Party's proposal at the time would have been worse than any guarantee.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: That is what the Minister stated.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The Labour Party does not want to hear that. We all acknowledge, on this side of the House as well, that the information given to the Minister and the Government then was flawed. The banks told mistruths, if I am allowed to say that in this House-----

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: -----about the scale of the problem and the scale of the losses. There is no question about that. That is accepted. With the benefit of hindsight, there have been a number of official reports which have examined the guarantee, including the Honohan report, the Regling Watson report and the Nyberg report. Even with that full benefit of hindsight, none of them and no political party in this...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The context has now changed because of the deal struck in Brussels on 26 October with burden-sharing now being imposed on European banks which hold Greek sovereign bonds. That strengthens the case for the Government to go to Europe and to redesign the promissory note structure and to get some savings, at least on the remaining €2.8 billion of unguaranteed senior bonds left in Anglo Irish...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: It is great to be able to look back over debates.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: Esteemed member.

Written Answers — Proposed Legislation: Proposed Legislation (8 Nov 2011)

Michael McGrath: Question 322: To ask the Minister for the Environment, Community and Local Government the position regarding the commitment to enact climate change legislation; and if he will make a statement on the matter. [32766/11]

Leaders Questions (9 Nov 2011)

Michael McGrath: Hundreds of billions of euro: that is a new one.

Order of Business (9 Nov 2011)

Michael McGrath: I cannot be heard. There is no point in my speaking as I will not be heard.

Order of Business (9 Nov 2011)

Michael McGrath: When this House debated the Keane report some weeks ago, we were informed at the end of that debate that the Government's implementation plan for measures following on from that report and other decisions would be announced and set out for the Dáil, but that has not happened yet. Has the Government made any decision on the recommendations of the Keane report and when will we see legislation...

Order of Business (9 Nov 2011)

Michael McGrath: What group is this?