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Seanad: Order of Business (25 Apr 2013)

Paul Coghlan: I am just coming to that. That is a commercial decision.

Seanad: Order of Business (25 Apr 2013)

Paul Coghlan: We cannot have a situation in which the taxpayer has to ride to the rescue again to bail the bank out. We certainly do not want that to happen. That is a commercial decision that no Government, past or present, should interfere with.

Seanad: Order of Business (25 Apr 2013)

Paul Coghlan: That is Government policy - we are not going to interfere. We must have commercially viable, profitable banks. I am not standing over the decision, which will be very tough for mortgage holders. We must go down the route proposed by Senator Barrett, which is supported by the Minister of State, Deputy Hayes. I am delighted there has been a meeting of minds on that because there must be...

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: It has not gone away.

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: I would like to be associated with the tributes that have been paid to the late Deputies Dick Barry and Harry Blaney. Many of us knew Dick Barry for 30 to 40 years. He was a great, kindly, personable man, who, as has been said by Members on the other side, liked nothing more than meeting new Members as they came into the House, conversing with them and regaling them with stories. He was...

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: Here he is again trying to berate the Minister, Deputy Noonan, the man who was responsible for the Mercer report, who addressed this subject and who has let the banks know that they have until the end of April, which is today. He wants the cuts to come in at between 6% and 10% - a proper reduction. Senator O'Brien has been answered before by the Leader and by many of us on this issue.

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: The Senator heard the Minister, Deputy Noonan, in Limerick on Saturday.

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: He voiced in the strongest, most trenchant terms his total disapproval of what the bankers are paying themselves.

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: I have. I have no doubt the Leader will confirm what I am saying. The point about that 15% stake is that Senator O'Brien knew, as everybody knew, the proxies were at 90%. Where would we have got to with 15%?

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: I ask the Leader to confirm that what I am saying in answer to Senator O'Brien is correct.

Seanad: Order of Business (30 Apr 2013)

Paul Coghlan: Please God, we will probably have that response from them today.

Seanad: Address to Seanad Éireann by Mr. Seán Kelly, MEP (30 Apr 2013)

Paul Coghlan: All politics is local; therefore, I welcome my near neighbour from across the road at home and thank him for addressing us. I congratulate him on being the model MEP. We have been watching his progress and appreciate how well he is doing on committees in the European Union and his work, on the issue of data protection in particular. I merely want to wish him well and ask him when he comes...

Seanad: Order of Business (1 May 2013)

Paul Coghlan: I agree with Senator O'Brien's call for us not to have a debate in this House on the protection of life during pregnancy Bill until after the health committee has concluded its proceedings. This is in line with what Senator Ó Murchú has just said. We are all pro-life and I agree with much of what he has just said. This is a complex and sensitive issue and we need to stay calm....

Seanad: Order of Business (2 May 2013)

Paul Coghlan: There will be days like this. It also happened during the previous Administration.

Seanad: Order of Business (2 May 2013)

Paul Coghlan: Hear, hear.

Seanad: Order of Business (2 May 2013)

Paul Coghlan: Senator Leyden should take note.

Seanad: Order of Business (7 May 2013)

Paul Coghlan: That is the way they play it up in Louth.

Seanad: Order of Business (7 May 2013)

Paul Coghlan: It was seconded by Senator Mullen.

Seanad: Order of Business (7 May 2013)

Paul Coghlan: The sentiments expressed by Senator Byrne are understandable but we can approve the motion because it is simply about the committee's work programme and priorities. We have confidence in those of our colleagues who sit on that committee. Issues pertaining to tax harmonisation, the euro and banking union are clearly important and I am sure the Leader would facilitate a debate in early...

Seanad: Order of Business (8 May 2013)

Paul Coghlan: I have previously called for a debate on banking, as have other Members on both sides of this House, but we have seen further worrying developments on the banking front. In particular, a proposal has been made during our Presidency that uninsured depositors should be bailed in so that they do not rank far ahead of other creditors. One can imagine what such a measure would do to confidence...

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