Results 2,321-2,340 of 3,523 for speaker:Lucinda Creighton

European Council: Statements (4 Jul 2012)

Lucinda Creighton: It is a step in the right direction, in that we have always envisaged a greater role for the ESM. In this regard, the Irish position extends further than what was agreed at the summit. The Taoiseach, the Minister for Finance and I have advocated a banking licence for the ESM, which would dramatically enhance the fund's capacity to purchase bonds and apply leverage. However, this is...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: Clearly, it did not deal with it, as it was not agreed to in the conclusions. There are different opinions. As a former Minister for Foreign Affairs and having sat at the Cabinet table for 14 years, the Deputy is well aware that the European decision making process is consensual. While our vision for the ESM is more ambitious than that agreed to date, we must bring other member states with...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: It is a new step in the right direction.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: There are various interpretations of the ECB's potential. For example, the President of the Commission, Mr. Barroso, has made statements in the past 24 hours on the potential for the ECB to act, notwithstanding the reservations of certain member states. We must see how this plays out. There is a precedent for ECB intervention and I do not agree with the Deputy that it has been...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: Significant opposition.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I agree.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: Yes. Since some of these questions are likely to arise again, I will try to answer them. I disagree with Deputy Micheál Martin's suggestion that the 1% commitment to the growth pact is inadequate. Bearing in mind that there was no growth pact one week ago, it is a significant development. I am unsure as to whether the Deputy, like his party's previous leader, has experienced a redirection...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: Particularly as a former Minister for Enterprise, Trade and Employment, I would have expected him to understand the value of the Single Market and the potential for growth that could be unleashed by implementing the Single Market Act and driving the energy efficiency agenda, the digital Single Market and so on. To suggest the only way to create jobs is to pump billions of euro that no member...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: We have not.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: We have only ever referred to-----

European Council: Statements (4 Jul 2012)

Lucinda Creighton: -----the limited potential of a growth pact.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: It is ludicrous to suggest pumping billions of euro that we do not have into the European economy is a panacea in terms of growth.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The Deputy knows as well as I that it is not the case.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I believe in the limited potential of any growth pact. I do not believe that the Deputy believes that the only way to achieve growth is by magically growing money on trees.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The Deputy is advocating that.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: A 1% growth pact would be enormous and it lends potential------

European Council: Statements (4 Jul 2012)

Lucinda Creighton: -----to assisting in our challenge in reducing unemployment and creating growth in Europe. It is not a solution in its own right.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I have not yet answered the other questions.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I agree with the need to rebalance the relationship between stronger and weaker member states and we are beginning to see movement in that direction. I have previously noted in the Chamber that wage agreements in countries like Germany in particular are important in terms of driving demand for goods and services from the weaker countries, especially Ireland as an exporting nation. The...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The money is non-existent.