Results 3,821-3,840 of 4,717 for speaker:Martin Mansergh
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: The Deputy has made that point.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I already answered the Deputy's question about when the scheme will commence.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I have a raft of questions-----
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I hold no brief for nationalising banks, as has been well debated. The Labour Party nostrum of nationalising banks-----
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: -----is not in the interests of our country's banking system. That is my answer.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: It is in the public interest not to nationalise the banks, if that can be avoided.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I do not think there is any interest. The Deputy is only interested in asking rhetorical questions. She has no interest in the answers.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I am not in the least stressed out. I just have a contempt for this manner of carrying out parliamentary proceedings.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: Will the Deputy give me the honour of five minutes' silence so I can answer the questions?
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: Yes, I will, if the Deputy will stop constantly interrupting.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: Deputy Burton asked why we are extending the CIFS for five years. It is not correct to say that we are extending it for years. This is a new scheme with an issuance period which ends on 29 September 2010, which is also the end date of the CIFS scheme. After 29 September 2010, no further guaranteed debt can be issued and no more guaranteed deposits can be taken. However, during the...
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: The new scheme reflects this policy and the EU's state aid rules.
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: There were two specific reasons for the recommendation that dated subordinated liabilities be included within the scope of the CIFS guarantee. At the time the guarantee was announced and owing to the extent and depth of the international financial crisis, it was considered essential that the Government send out the clearest possible signal to international markets to the effect that the...
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: The State guarantee was extensive and comprehensive to provide confidence among senior investors in the wholesale capital markets. In recent years, as a result of tightening credit spreads, traditional investors in senior unsecured debt have increased their exposure to non-deferrable dated subordinated debt lower tier two in search of additional yield. In September 2009, the overlap in the...
- Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Martin Mansergh: I am the Minister of State at the Department of Finance.
- Adjournment Debate (3 Dec 2009)
Martin Mansergh: While I am replying on behalf of the Minister for the Environment, Heritage and Local Government,-----
- Adjournment Debate (3 Dec 2009)
Martin Mansergh: -----I also have responsibilities in this regard. To answer immediately, the directive will be transposed before the end of the year. It probably would have been transposed before the end of November had much of the country not been hit by the flooding crisis, which required everyone's concentration. The Department of the Environment, Heritage and Local Government's role where there is...
- Job Protection. (3 Dec 2009)
Martin Mansergh: I thank the Deputy for raising this matter on the Adjournment. I will reply on behalf of the Tánaiste and Minister for Enterprise, Trade and Employment. The matter is of some interest in west Tipperary, where a number of Dell employees live. I am advised that IDA Ireland is aware of recent developments at the Dell plant in Poland. IDA Ireland has been in constant contact with Dell at...
- Schools Building Projects. (3 Dec 2009)
Martin Mansergh: I am taking this Adjournment matter on behalf of my colleague, the Minister for Education and Science, Deputy Batt O'Keeffe. I thank the Deputies for raising this matter as it provides me with the opportunity to outline to the House the Government's strategy for capital investment in education projects and to outline the current position with regard to the future plans for the schools in...
- Written Answers — Flood Damage: Flood Damage (3 Dec 2009)
Martin Mansergh: The scale and magnitude of the flooding that has occurred over the past two weeks have not been seen before in living memory. They have resulted in widespread misery and devastation. People have been forced from their homes, farms have been overrun by water and businesses have had to cease operations. Every sector of the economy has been adversely affected. All efforts at present are...