Results 4,701-4,720 of 31,374 for speaker:Eamon Ryan

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: Yes it is, but in failing to do so the difficulty would be that the failure of one bank would lead to a failure in another. It would lead us to the same problem we had at the start, which would have been a systemic failure in our banking system. It was not easy to make the decision to put money into AIB and Bank of Ireland, but I believe it may be a decision from which we can ultimately...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: I do not see where they money would come from.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: I also have a concern about the delay in addressing the fundamental difficulties in our banks that would result from this proposal. In addition, Fine Gael referred to the possibility of defaulting on subordinated debt. I agree it would not be difficult for us to say to bondholders that they took a risk, which will lead to a loss. However, if one examines what has happened in our banks,...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: There is a difficulty with this in that even if the State defaulted on senior debt bondholders, it would have to go back to them the next day seeking money for the banking system or Exchequer borrowing and that could be more difficult to secure. One cannot be certain but the Government has to take that risk into account. It is easy on a hypothetical basis to say we should try this idea, but...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: The ECB has stated it will provide the funding. It is needed as part of a stimulus. We are in a classic recession as we spiral downwards because of a lack of confidence and, in turn, a lack of spending, which has led to deflation. All the economic analysis says a state must stimulate in those circumstances. It is slightly counterintuitive to spend one's way out of debt and the problems...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: NAMA will be a small agency. It is correct that the banks should be used. Tens of thousands ordinary, decent, capable and enterprising people work in our banking system and we should not throw that away and say that they do not have a role in this. The Government can use their skills and credit management facilities to our purpose. The banks' shareholders have taken a hit, losing...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: -----and what are the values. If they are not what we think they are, although a fair bit of analysis lies behind the figures given today, they will be adjusted. It is the valuation on a loan-by-loan basis which will determine what happens. Another crucial point is that people need confidence that we are not going back to price rises in property. The prospect of spending 25 or 30 years...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: We are in Government not frozen by fear or locked by ideology but we are ready to play our part in getting the country out of a difficult time. We need to give people confidence that we can do it. We need to have confidence in ourselves because we are legislating for ten to 15 years or whatever time it takes to work it out. All sides of this House will manage NAMA in that time. Does...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: Does Fine Gael believe it can overcome some of the mistakes it made in planning - there have been a lot of them in council after council in recent years?

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: Can it learn lessons from that and take part in the recovery of this country which says-----

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Eamon Ryan: -----we in Government can work out the assets in a way that pays back the taxpayer and gets us good housing? I believe we can. We have grown up as a country in 70 or 80 years. We got it wrong in the past ten or 20 years. We got cheap, easy money after we had been poor for 800 years. We blew it, but we are still a strong and capable country that has grown tremendously in the past 80...

Written Answers — Departmental Expenditure: Departmental Expenditure (22 Sep 2009)

Eamon Ryan: My Department aims, in its dealings with suppliers of goods and services, to pay all invoices as soon as possible after the goods and services have been satisfactorily delivered and the supporting documentation necessary to enable the payment has been received by my Department. Since 19 May 2009 86% of all payments made to suppliers have been within 15 days; 8% have been between 16 and 30...

Written Answers — Telecommunications Services: Telecommunications Services (22 Sep 2009)

Eamon Ryan: Broadband services are provided by private service providers over various platforms including DSL (i.e. over the telephone lines), fixed wireless, mobile, cable, satellite and fibre. Details of broadband availability from service providers together with the availability of broadband services in specific areas, including areas in County Leitrim and County Sligo are available at...

Written Answers — Telecommunications Masts: Telecommunications Masts (23 Sep 2009)

Eamon Ryan: The Commission for Communications Regulation (ComReg) is responsible for ensuring compliance by mobile network operators with certain conditions, one of which relates to non-ionising radiation emissions. The way in which ComReg ensures compliance is a matter for ComReg and I have no function in the matter. Electronic Communications Network transmitters are licensed by ComReg. I understand...

Written Answers — Telecommunications Services: Telecommunications Services (24 Sep 2009)

Eamon Ryan: My Department has entered into a contract with "3", a Hutchison Whampoa company, for the delivery of the National Broadband Scheme (NBS). 3 is required to provide services to all residences and businesses that are within the NBS area and who seek a service. The Company is progressing its network roll-out and services have gone live in a number of areas. The entire NBS area must be covered...

Written Answers — Electricity Generation: Electricity Generation (24 Sep 2009)

Eamon Ryan: The Commission for Energy Regulation is statutorily responsible for the licensing and authorisation of power generation plants under the Electricity Regulation Act 1999. I have no direct function in the matter.

Written Answers — Telecommunications Services: Telecommunications Services (6 Oct 2009)

Eamon Ryan: The village of Kiltormer in County Galway is located in Kiltormer Electoral District (ED) and has been designated as being part of the National Broadband Scheme (NBS). In advance of the roll-out of the NBS an extensive mapping exercise was carried out to identify those areas throughout the country where broadband services were not available. Kiltormer ED was included in the NBS as it was not...

Written Answers — Ministerial Travel: Ministerial Travel (6 Oct 2009)

Eamon Ryan: In the time available it has not been possible to collate the information requested by the Deputy. The information will be provided to the Deputy as soon as possible.

Written Answers — Broadcasting Services: Broadcasting Services (6 Oct 2009)

Eamon Ryan: The Broadcasting Commission of Ireland was responsible for the licensing of commercial broadcasters up until 30 September 2009. This responsibility rests with the newly established Broadcasting Authority of Ireland with effect from 1 October 2009. The Commission was, and the Authority is, an independent statutory body and I have no function in this matter. With regard to the industrial...

Written Answers — Industrial Development: Industrial Development (6 Oct 2009)

Eamon Ryan: The International Content Services Centre (ICSC), one of the proposed actions of the recently published 'Technology Actions to Support the Smart Economy' report, is intended to be a global content management facility that streamlines the storage, localisation, delivery and distribution of content, the associated rights management, clearance and collection, to provide a global service for...