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Written Answers — Flood Relief: Flood Relief (3 Jul 2012)

Michael McGrath: Question 277: To ask the Minister for Public Expenditure and Reform the position regarding a flood relief project (details supplied) in County Cork; and if he will confirm when a decision on funding is expected. [32426/12]

Written Answers — Pension Provisions: Pension Provisions (3 Jul 2012)

Michael McGrath: Question 317: To ask the Minister for Social Protection her views on the drop in the number of persons in occupational pension schemes in recent times; and if she will make a statement on the matter. [31665/12]

Written Answers — Commercial Rates: Commercial Rates (3 Jul 2012)

Michael McGrath: Question 476: To ask the Minister for the Environment, Community and Local Government his plans to review Section 20(1) of Cork City Management (Amendment) Act 1941 in view of the fact that it limits to 50% the reduction in local authority rates that may be granted to the owner of a vacant commercial premises in the city; the rationale behind the provision; if similar provisions apply to...

Written Answers — Liquor Licensing Laws: Liquor Licensing Laws (3 Jul 2012)

Michael McGrath: Question 483: To ask the Minister for Justice and Equality the number of public houses in the country that are currently open and operating without a licence; the person who is responsible for the enforcement of the law in this area; and if he will make a statement on the matter. [32410/12]

Written Answers — Prison Building Programme: Prison Building Programme (3 Jul 2012)

Michael McGrath: Question 522: To ask the Minister for Justice and Equality when a building project (details supplied) is expected to move to tender stage. [32421/12]

Leaders' Questions (5 Jul 2012)

Michael McGrath: That is complete rubbish.

Bank Debt Restructuring (5 Jul 2012)

Michael McGrath: Question 1: To ask the Minister for Finance if, building on the Euro Area Summit Statement of 29 June 2012, he will outline his specific objective in the negotiations that will now follow, with particular reference to breaking the link between bank debt and the sovereign; his views on the way the €64 billion of taxpayers' money which has been injected into the banks can be revisited with...

Bank Debt Restructuring (5 Jul 2012)

Michael McGrath: At the outset, I apologise to the House and to the Minister for not being present at the beginning of Question Time. I was attending the Joint Committee on Finance, Public Expenditure and Reform meeting with representatives of Ulster Bank and was not aware the time set for Question Time had changed. I thank the Minister for his response to this priority question and wish the Minister well in...

Bank Debt Restructuring (5 Jul 2012)

Michael McGrath: I urge the Minister to be highly ambitious on behalf of the Government in the negotiations, given the scale of the capital injection into the Irish banks. If the principle agreed last week to separate bank debt from the sovereign is to be implemented in full, then we have a very strong case for the €64 billion issue to be revisited. The Minister's negotiating position will be supported by...

Bank Debt Restructuring (5 Jul 2012)

Michael McGrath: They can have the banks.

Bank IT Systems (5 Jul 2012)

Michael McGrath: Question 4: To ask the Minister for Finance his views on the handling of the crisis at Ulster Bank following the IT problem which occurred on 19 June 2012; if he is satisfied with the response of the bank and the Central Bank of Ireland; if he will state the steps that are now planned to ensure that the affair is fully investigated and that the contingency plans of the other banks are...

Bank IT Systems (5 Jul 2012)

Michael McGrath: This has developed into a complete mess over the last two weeks. Yesterday, the Central Bank came before the finance committee and, today, Ulster Bank came before the committee and confirmed that more than 500,000 customers of the bank in Ireland have been directly affected by this debacle. It still has a backlog of 4 million transactions to clear and its latest update, as the Minister...

Bank IT Systems (5 Jul 2012)

Michael McGrath: We have all of the world's top technology companies in Ireland. I am not suggesting the Central Bank hire permanent staff and duplicate the work the banks are doing with their IT systems. However, it can bring in expertise from the private sector on a needs basis, which is what I am suggesting. The expertise is out there. The major risk factor in the Irish banks now is clearly technology....

National Asset Management Agency (5 Jul 2012)

Michael McGrath: I thank the Minister for his reply. I understand NAMA intends to repay €7.5 billion of the bonds by the end of next year. The Minister set out the timeline for the redemption of the remaining bonds, namely, 25% of NAMA senior bonds will be paid by the end of 2013, 50% by the end of 2016, 90% by the end of 2019 and full repayment of NAMA senior bonds by the end of 2020. We should not nail...

National Asset Management Agency (5 Jul 2012)

Michael McGrath: My primary motivation in raising this issue is to make the point that I do not want a situation to develop where NAMA will be obliged to sell assets in distressed circumstances in a market which may well be on the brink of recovery but in which it will not obtain the best possible return for the taxpayer. In the most recent memorandum of understanding with the troika, provision is made for...

National Asset Management Agency (5 Jul 2012)

Michael McGrath: They are also providing cheap money.

Financial Services Regulation (5 Jul 2012)

Michael McGrath: This is an important issue and there is evidence of considerable activity in illegal moneylending. There are 46 licensed moneylenders but an unknown number are operating illegally. They prey on vulnerable people, especially at a time when people find it difficult to access loans from banks. Credit conditions tightened considerably and more people are turning to illegal moneylenders. Is...

Written Answers — Tax Collection: Tax Collection (5 Jul 2012)

Michael McGrath: Question 61: To ask the Minister for Finance the level of revenue generated for the Exchequer from residential stamp duty in each of the past ten years in tabular form; the number of individual residential stamp duty cases for each year; and if he will make a statement on the matter. [32917/12]

Written Answers — Tax Collection: Tax Collection (5 Jul 2012)

Michael McGrath: Question 62: To ask the Minister for Finance the level of revenue generated for the Exchequer from commercial stamp duty by year in each of the past ten years in tabular form; the number of individual residential stamp duty cases for each year; and if he will make a statement on the matter. [32918/12]

Written Answers — Tax Collection: Tax Collection (5 Jul 2012)

Michael McGrath: Question 63: To ask the Minister for Finance the approximate level of VAT generated for the Exchequer from the sale of new residential housing in each of the past ten years in tabular form; the number of cases for each year; and if he will make a statement on the matter. [32919/12]

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