Results 4,161-4,180 of 4,363 for speaker:Arthur Morgan

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: Allied Irish Bank, yes. We also have the whole mortgage default crisis coming down the line at us. We need stability in the banking sector. Pouring out loans, stabilisation funds or whatever name the Minister wants to put on them - he is playing tricks with names - will not solve the banking crisis. We need to do the business correctly and nationalise AIB. Bank of Ireland is not going to...

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: They scarcely understand the concept. There is major concern in respect of something the Minister and the other spokespersons dealt with in the course of their contributions. This is the notion that deposits are safe. I am getting telephone calls from worried constituents asking whether they should move deposits. No, they should not. Deposits are underwritten by the Government, to...

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: I am interpreting this in the same way as Deputy Noonan did in respect of the last paragraph on page 4.

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: The Minister did nothing about it because he was not forced to do anything about it. The difference is that there is now international pressure to get some common sense into the Government. The sooner that happens, the better. Financing these zombie banks can buy time but not indefinite time. We must underpin banking and financial stability. This banking system cannot be salvaged in its...

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: Once the bailout is reduced, Ireland would not need to EU or IMF intervention. It could go back to the international bond markets to continue funding the country. However, this time it would have a set of finance books that are honest, transparent, stabilised and with a proper working plan. The sovereign bond markets are punishing Ireland and why would they not when bond rates are in...

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: What are the parameters of the terms and conditions currently under negotiation? For example, do they include the selling off of State assets like the ESB, Coillte and An Post? Will the negotiations conclude before the budget or the publication of the four-year plan? Has the Minister set a deadline for their conclusion? What is the amount of funding under negotiation? Is the extent of...

Irish Banking: Statements (18 Nov 2010)

Arthur Morgan: Will it be next week?

Order of Business (23 Nov 2010)

Arthur Morgan: Sack them.

Order of Business (23 Nov 2010)

Arthur Morgan: Ask the Taoiseach to leave.

Order of Business (23 Nov 2010)

Arthur Morgan: The Taoiseach interrupts me sometimes.

Order of Business (23 Nov 2010)

Arthur Morgan: I am not out of breath.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: Deputy Noonan was correct the first time.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: We had an episode in Government Buildings as well.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: Get out of that.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: When I read some of the material the Government is putting out, it alarms me. The Minister said, "We have challenges but we have responded in a timely and appropriate manner to the challenges which have been presented". The answer to that is "Yes" if one says the challenges were to bail out corrupt bankers. That is all the Government has responded to. It has not done anything constructive...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: It is the conversations behind the closed doors I would have liked to have heard because I suspect there was a wee bit of clapping on the hand, not a pat on the back despite the public platitudes to make it look like everyone is on playing the one role. They should not all be playing the one role. The ECB-----

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: The Minister will get no comfort here from Sinn Féin. Would the Minister agree that the ECB's role in the lead up to this economic crisis should be examined carefully? It was shovelling cheap finance into the Irish banks without any control, apparent oversight or inspection of what was going on. Would the Minister accept that it has a part to play in sorting this out? Would he accept...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: Is that Greenwich mean time?

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: Of which there are many.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Arthur Morgan: Can the Minister provide Members with an indication of the level of contingency loan being considered? As the Minister is describing it as a contingency and he has stated that not all of it would be drawn down, can he at least provide Members with a percentage figure of what he envisages may be drawn down?