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Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: We have done so.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: It is too late.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: There was excessive reliance on the construction sector.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: I wrote to the Taoiseach asking him to meet multinational companies but received no reply.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: The business people are doing it.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: The Minister of State is waffling.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: The Minister of State is waffling.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: The business sector has been letting people go for the past year because people in that sector know what is going on.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: They are, but the Government is not supporting them.

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: What is the Government doing?

Irish Economy: Motion (24 Sep 2008)

Kieran O'Donnell: How will the Government make us competitive internationally again?

Irish Economy: Motion (Resumed) (25 Sep 2008)

Kieran O'Donnell: It has been at it for months.

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: Question 3: To ask the Minister for Finance his intentions regarding funds held by the pension trustees of certain non-commercial State sponsored bodies in view of his letter proposing a full guarantee of pensions by the State and a transfer of funds; and the way the transfer will be accounted for in terms of general Government borrowing in 2009. [31745/08]

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: The Minister is proposing creative accounting. I want an assurance that he will not use the proposal as a mechanism to borrow further. Will he confirm that the transfer will have a positive impact on the general Government balance of €2.3 billion?

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: Does that mean the Government will borrow an additional €2.3 billion over what it would borrow if it was not able to transfer the funds?

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: I find it incredible that as the budget is less than two weeks away the Minister has not yet decided the level of borrowing. He speaks about instilling confidence in the economy but he cannot answer a straightforward question.

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: It is not a misrepresentation. This runs contrary to his advice to the private sector in terms of properly funded pension schemes. He is taking over assets and unquantifiable liabilities. Will the pension liabilities he is taking from the semi-State non-commercial bodies be put under the management of the National Treasury Management Agency? Will he give us an assurance this is not being...

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: Is the Minister introducing it as part of the general Government plans for the 2009 budget?

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: Is it your intention——

Pension Provisions. (25 Sep 2008)

Kieran O'Donnell: You are indulging in creative accounting.

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