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Financial Transactions (11 Feb 2009)

Eamon Gilmore: Am I correct that the Minister read only the sections of the PricewaterhouseCoopers report which were drawn to his attention or highlighted by his Department, that the Department was considering a recapitalisation of this bank prior to the decision on nationalisation, that in the context of that recapitalisation nobody drew this matter to the Minister's attention and that nobody prior to the...

Financial Transactions (11 Feb 2009)

Eamon Gilmore: We are coming to the end of this round of questions and I have listened very carefully to what the Minister has had to say. The replies that he has given to us this afternoon raise the most serious questions about his performance in his office, and the most serious questions about his future in that office.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: I am coming to a question. The State has given an extraordinarily generous guarantee to the banking system. PricewaterhouseCoopers was appointed to examine the financial state of the banks and what we had got ourselves into. It beggars belief that the Minister did not read the PricewaterhouseCoopers report, even if one accepts that he was very stretched on time during the period concerned....

Financial Transactions (11 Feb 2009)

Eamon Gilmore: He did say that. He stated that he did not read what was in the report about this loan, and that it was not drawn to his attention. He said that his officials reported it to the Financial Regulator but did not bring it to his attention. He told us that this report came before his Department in October and that he did not know about this loan until January. He has explained why. We know...

Financial Transactions (11 Feb 2009)

Eamon Gilmore: No, he stated that he did not read the report.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: I am not saying it quietly at all.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: A Cheann Comhairle——

Financial Transactions (11 Feb 2009)

Eamon Gilmore: On a point of order——

Financial Transactions (11 Feb 2009)

Eamon Gilmore: I am raising a point of order.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: In fairness, Deputy Burton asked the Minister a number of questions, but he did not reply to them.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: While Deputy Shortall was drawing the Ceann Comhairle's attention to that, the Minister for Finance walked out the door.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: That is a discourtesy.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: Before the Ceann Comhairle chastises Deputy Shortall, I wish to make it clear that I accept that he might not have seen the discourtesy that was done to the House.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: While Deputy Shortall was trying to draw his attention to the fact that Deputy Burton's questions had not been answered, the Minister walked out of the Chamber.

Financial Transactions (11 Feb 2009)

Eamon Gilmore: Quite frankly, the Ceann Comhairle should deal with it as a matter of order in the House and respect for the House. That is my point of order.

Suspension of Member (11 Feb 2009)

Eamon Gilmore: On a point of order——

Suspension of Member (11 Feb 2009)

Eamon Gilmore: It most certainly is being opposed.

Suspension of Member (11 Feb 2009)

Eamon Gilmore: If the Ceann Comhairle persists with it——

Suspension of Member (11 Feb 2009)

Eamon Gilmore: ——I will lead my Deputies out of this Chamber in protest at the unfair treatment of Deputy Shortall.

Suspension of Member (11 Feb 2009)

Eamon Gilmore: The Labour Party Deputies will leave the House in protest at the Minister's failure to answer Deputy Burton's question which gave rise to the request by the Ceann Comhairle that Deputy Shortall should leave the House. When we ask questions in the Chamber the Minister should reply to them. Instead of doing so, he headed for the door at the first opportunity he got. That shows disrespect to...

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