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Order of Business (18 Dec 2008)

Joan Burton: The Minister for Finance indicated in his budget speech that he was commissioning a report from Mr. Maurice O'Connell with regard to the National Pensions Reserve Fund. He advised me by way of a parliamentary question that he had the report and the question of the contribution of the 1% to the National Pensions Reserve Fund is a matter which the Government is still thinking about. Any...

Order of Business (18 Dec 2008)

Joan Burton: It must be the largest fall on record.

Order of Business (18 Dec 2008)

Joan Burton: It is a 4.9% decline.

Order of Business (18 Dec 2008)

Joan Burton: It is a 4.9% decline in the quarter.

Order of Business (18 Dec 2008)

Joan Burton: None of us will have a job.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: The Minister is just waiting for the Christmas recess.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: I wish to share time with Deputy Pat Rabbitte.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: This debate takes place just as the Central Statistics Office has announced that GNP for the third quarter has fallen by 4.9%. This is, unfortunately, not recession but depression territory for the tens of thousands of people whose jobs are at stake and for the hundreds and thousands of businesses which may be forced to close next year. The Minister in his short comments, most of which...

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: These foreign venture capitalists who lie behind some of the recapitalisation proposals, if allowed to take control of significant sectors of the Irish banking industry, pose an extreme danger. I can understand that the Minister is in some difficulty but this is a Parliament and he should not have refused to answer questions on this matter if, as he suggests, he has a plan. Perhaps the most...

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: That was the final report. The Minister had several drafts before that.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: Be honest.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: It did not include all the banks. The biggest bank was not included. We have read about the Swedish model also.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: That would be about €3 billion.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: I did not say it should be thrown around, but it is not that much.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: There is almost €11 billion in the national pension reserve fund in shares all over the globe that have tanked. That is the Minister's strategy.

Recapitalisation of Credit Institutions: Statements (18 Dec 2008)

Joan Burton: Is that in banks in Ireland or around the world?

Written Answers — Proposed Legislation: Proposed Legislation (18 Dec 2008)

Joan Burton: Question 36: To ask the Minister for Justice, Equality and Law Reform when he expects to publish the Covert Surveillance Bill; and if he will make a statement on the matter. [46736/08]

Written Answers — Prisoner Releases: Prisoner Releases (18 Dec 2008)

Joan Burton: Question 73: To ask the Minister for Justice, Equality and Law Reform the number of prisoners on temporary release from Mountjoy Women's Prison Dublin as a result of overcrowding; the steps being taken to deal with the overcrowding at the prison; and if he will make a statement on the matter. [46737/08]

Written Answers — Economic Competitiveness: Economic Competitiveness (18 Dec 2008)

Joan Burton: Question 76: To ask the Tánaiste and Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 43 of 11 December 2008, the extent to which her Department is researching the possibility of the financial institutions accessing loan guarantees from the European Investment Fund that would enable them to expand their lending to small enterprises; and if she will make...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (18 Dec 2008)

Joan Burton: Question 90: To ask the Minister for Finance if his attention has been drawn to reports that senior bankers at a bank (details supplied) are in line to receive bonuses for 2008 up to 80% of the 2007 bonus; his views on whether such practices are inappropriate at a financial institution benefiting from a blanket guarantee from the taxpayer; and if he will make a statement on the matter....

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