Results 4,201-4,220 of 36,118 for speaker:Pearse Doherty
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: In 2011, on 31 March, when the Fine Gael and Labour Government issued a €3.1 billion cheque to Anglo Irish Bank, the only voices in this Chamber to raise the issue were Sinn Féin voices.
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: The first vote and the only vote, before today, on the issue of the promissory note was a Sinn Féin motion that was debated over two days. Indeed, there was not even a vote in this Chamber when the Fianna Fáil Government, and Deputy Micheál Martin sat at the Cabinet table and not once but more than once, approved the issuing of the promissory note ---
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: --- but not once was a vote taken in the Dáil. It was Sinn Féin that put this issue on the agenda.
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: There is a need for serious factual information to be put on the record by the Minister.
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: With respect, Deputies, we have been given 15 minutes to speak. The Government Deputies have voted to guillotine this legislation. I ask them to afford me the opportunity ---
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: The Deputy should go back to the bar.
- Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)
Pearse Doherty: This House, every Deputy in it and the public at home deserve to know what is going on. We are looking at live blogs on RTE, following Bloomberg and Reuters, getting leaks from the ECB and the Department of Finance. We are told that bonds will be issued over a 27 year maturity. We are told that assets will go to NAMA. We are told that powers will be devolved here and there. We are told...
- Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)
Pearse Doherty: With regard to the definition for security in section 1, I raised a query on Second Stage about the Minister's reference to the ministerial guarantee in his speech. Will the Minister inform the Dáil what he meant by "ministerial guarantee"? Does it refer to the e-mails between the former Minister, Brian Lenihan, and the Governor of the Central Bank at the time of issuing the emergency...
- Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)
Pearse Doherty: In the question I asked the Minister, under the definition of "security" in section 1, I referred to subsection (b), which specifies "a guarantee, indemnity or surety". The question was specific and pertained to the Minister's speech in which he stated, "The ministerial guarantee underpinning the net debt owed to the Central Bank will also be transferred to NAMA". What is that ministerial...
- Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)
Pearse Doherty: Are they being given legal standing in the legislation?
- Written Answers — Department of Justice and Equality: Garda Career Breaks (6 Feb 2013)
Pearse Doherty: To ask the Minister for Justice and Equality the number of Gardaí currently on career breaks; the number of Gardaí due to begin career breaks; and if he will make a statement on the matter. [6007/13]
- Written Answers — Department of Justice and Equality: Proposed Legislation (6 Feb 2013)
Pearse Doherty: To ask the Minister for Justice and Equality the date on which he will publish legislative proposals to enhance the protection of children against sexual abuse and exploitation, including grooming; and if he will make a statement on the matter. [6006/13]
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: Last year, we had to endure Ministers telling us there was a seismic shift and that the State had secured a great deal in Europe on the separation of sovereign debt from private, toxic banking debt. Today, they come before the Chamber and tell us that they will replace the promissory note with a sovereign bond for €28 billion with no write-down whatsoever. So much for the separation...
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: The Taoiseach is aware that due to the construction of the promissory note, the interest paid on it was to the Central Bank, which ended up coming back to the State. If the promissory note ran its course it would have been cancelled out by 2022. The Central Bank would have received €28 billion in capital and that would be it.
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: The Taoiseach has said that not only will the full €28 billion will be paid back in a sovereign bond but €1 billion of interest will be paid on top of that every single year. The payment will no longer be circular because the Central Bank will not hold the bond for a 40-year period. Bondholders will get the interest paid by the State. One could ask what all of that will mean....
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: Every single year for at least the first 25 years when the bonds start to be redeemed, there will be approximately €1 billion of interest to be paid. At the end of the process we must pay back the total value of the bonds. What the Government has done is double the cost of bailing out Anglo Irish Bank.
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: People will stop me in the street to ask what it will mean for them.
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: If they are one of the four-----
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: I appreciate that the Government would like to spin to the effect that it got rid of the toxic debt but sometimes it can be difficult to listen to hard truths. People want to know what the deal will mean for them. They want to know what it will mean for the person in mortgage distress, the mother whose child is planning to emigrate or the person who is unemployed. Does it mean they will...
- Promissory Notes: Statements (7 Feb 2013)
Pearse Doherty: This is not the type of deal the Irish people wanted. They demanded a write-down and they deserve a write-down. The debt should not be heaped on generations to come.