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Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) (25 Feb 2009)

Joan Burton: We will await the introduction of the legislation to which the Minister refers because, as he will be aware, the markets have become very averse to the notion of warrants and dividend income on preference shares. That is likely to produce a more negative response from the markets — if one follows them. Other governments have begun to change their arrangements in that regard, as I am sure...

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) (25 Feb 2009)

Joan Burton: Anglo Irish Bank is neither in nor out.

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) (25 Feb 2009)

Joan Burton: That is why we sold Eircom to plug the pensions hole.

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: I move amendment No. 27: In page 10, subsection (4), line 10, after "appropriate" to insert the following: "with a view to promoting the opportunity for agreement where with any body which in the opinion of the Minister for Health and Children is representative of the health professionals concerned, in relation to the terms of the regulation to be made under subsection (1)". Some of this...

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: Is the Attorney General or Director of Public Prosecutions a Minister for the purposes of this provision? We are asked to believe that next week, following the passage of this Bill, the lawyers employed by the DPP in respect of prosecutions and the lawyers in the Attorney General's Office who brief counsel, will be subject to an 8% reduction in fees. This matter needs to be clarified by...

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: I asked the Minister for a figure and if he were to provide it off the top of his head, that would be fine. I asked what PricewaterhouseCoopers and Merrill Lynch were earning for the services they have provided. Is the Minister proposing to reduce the price for those services by 8% as of next week?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: The Minister is the boss of the Financial Regulator and the National Treasury Management Agency. I realise it is indecorous in professional operations to discuss money, but were the cost of these various services ever discussed over cups of tea?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: The Minister for Finance is the relevant Minister. The National Treasury Management Agency does have a direct reporting relationship to me, but the regulator does not. The matter of PricewaterhouseCoopers is a matter for the regulator. I will check with my Department and the NTMA regarding the position of Merrill Lynch.

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: I am intrigued by the medical list on page 12, subsection (f). What sort of person is that?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: It is at the top of page 12.

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: No I think I understand that. It is in subsection (f).

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: What is that?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: I thought that but what is a chiropodist?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: One deals with the whole of the foot and the other is just——

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: Where is Deputy Gogarty now that we need him?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: Yes.

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: What type of person does the Minister have in mind? Is it a consultant doctor on a salary?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: What does that mean?

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Joan Burton: I would like the Minister for Finance to outline the economic rationale or strategy that underpins this proposal. The chief executive of Allied Irish Banks has emphasised in the bank's various public advertisements that it is important to enable cash and credit to flow through the economy. He has appealed to people and organisations, including Government Departments, to try to pay their...

Written Answers — Departmental Expenditure: Departmental Expenditure (25 Feb 2009)

Joan Burton: Question 56: To ask the Minister for Justice, Equality and Law Reform the way in respect of the announcement of 3 February 2009, it is intended to effect the 8% reduction in professional fees in relation to services provided to or funded by his Department; the amount expected to be saved in his Department's budget as a result of this process; if this decision will apply to all legal fees...

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