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Seanad: Stabilisation of the Public Finances: Statements (5 Feb 2009)

Marc MacSharry: I will share time with Senator O'Malley, 15 minutes and five respectively. However, I doubt if I will use 15 minutes as I wish to be as brief as possible. I welcome the multiple opportunities in recent weeks to address the serious economic crisis we face, nationally and internationally. Many have had the opportunity to put on the record of the House their views on the causes of the crises...

Seanad: Order of Business (10 Feb 2009)

Marc MacSharry: Is it possible to have an earlier debate on banking? We are aware discussions took place at Cabinet today on the recapitalisation of the banks. I welcome the fact the Taoiseach will brief and discuss this with Opposition Leaders later. At 4 p.m., the US President, Mr. Obama, will outline his plans for the banking system. Over the past several weeks I have raised the concept of a bad debt...

Seanad: Order of Business (17 Feb 2009)

Marc MacSharry: Like other Senators, I would welcome a daily rolling debate on the economy. Such a debate would be important at this time. We are all anxious to hear the ultimate plan that will lead the world out of this recession and these difficult times. If one could identify such a plan and bottle it, one could sell it at a price that would be many times the national debt of Ireland and every other...

Seanad: Order of Business (17 Feb 2009)

Marc MacSharry: In these times, having seen such recklessness in certain aspects of the financial services industry, we are all anxious to get our pound of flesh and see justice done. However, we have moved on from medieval terms. It is not possible to set up a guillotine in St. Stephen's Green to behead those we perceive to be guilty. As the criminal lawyers in the House know, people are entitled to due...

Seanad: Order of Business (17 Feb 2009)

Marc MacSharry: When the rigours of the law are put to work and people are found guilty of criminality, I look forward to seeing them behind bars. In advance of that, a witch-hunt in this House, based on our personal opinions, cannot be justified in any way.

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I join others in welcoming an early debate next week on the pension levy. It remains my hope and that of colleagues in this House that a mechanism can be found whereby we can ensure those people in the lower paid brackets are looked after in a better way than is currently proposed. The measures that have had to be introduced are enormously traumatic for a generation and a half, effectively,...

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I thank the Leas-Chathaoirleach and I look forward to the same level of indulgence being afforded to me as to other Members of the House.

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I repudiate any suggestion as completely unfounded that the chances are, to quote another Senator, the situation of Anglo Irish Bank and the so-called golden circle is associated with Fianna Fáil.

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: That is absolutely disgraceful.

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: How does the Senator know it is any different?

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I would like an urgent debate on the standards of probity being adhered to within this House when people are making suggestions, statements or accusations based on anecdotal rubbish from the streets and gutters.

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I am continuing with my question. My question for the Leader is at what time may we have an early debate about this so that we might ensure that we can have justice in a way that respects due process? As Senator Keaveney said recently and I said the other day, medieval times are over. We cannot set up the guillotine on Leinster Lawn or within St. Stephen's Green and behead people based on...

Seanad: Order of Business (19 Feb 2009)

Marc MacSharry: I look forward more than anybody else to see the rigours of the law imposed on those who are responsible for the situation we find ourselves in, but I will not be party to any debate that is rubbish and nonsense, based on no fact and trying to say that Fianna Fáil is directly associated with this type of thing. It is disgraceful.

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: I join my colleague, Senator Hanafin, in calling for a debate on regulation. In particular, our European colleagues should take some leadership in developing a pan-European approach to regulation. While baby steps in several directions have been taken, nationally and internationally, it is clear that the definitive path that will lead the global economy out of the present turmoil has not...

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: To start that process, I believe it is unacceptable that 30% of the State's purse is under the control of third party organisations which, as Members have seen, have €51 million to make people like Professor Keane maintain his celebrity status. I look forward to an urgent debate in this regard.

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: I wish to make a point in this regard. While I have every respect for the Cathaoirleach, the names one can or cannot mention in this House are highly selective. When someone has a particular——

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: My point is that when someone makes a specific point——

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: ——pertaining to a specific part of Government policy or action of this State and regarding expenditure that relates to that person, I believe it is absolutely appropriate to name that person.

Seanad: Order of Business (24 Feb 2009)

Marc MacSharry: Under what Standing Order does it state that one cannot name an individual?

Seanad: Banking Sector: Motion (25 Feb 2009)

Marc MacSharry: I welcome the Minister of State and I am glad to have the opportunity to make a couple of points on this most important issue. I thank the Opposition for using its Private Members' time to debate this issue because it is the single most important matter facing the country. We cannot overstate the unprecedented nature of the position we are in. In recent days, I made a point in the House...

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