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Finance Bill 2009: Second Stage (Resumed) (13 May 2009)

Joan Burton: You are chairing, a Chathaoirligh.

Finance Bill 2009: Second Stage (Resumed) (13 May 2009)

Joan Burton: That is totally wrong.

Finance Bill 2009: Second Stage (Resumed) (13 May 2009)

Joan Burton: They are incorrect figures.

Finance Bill 2009: Second Stage (Resumed) (13 May 2009)

Joan Burton: I agree, it is impossible.

Unemployment Levels. (13 May 2009)

Joan Burton: Question 56: To ask the Minister for Finance his views on the latest ESRI quarterly economic bulletin and, in particular, their forecast that unemployment will average 16.8% by the end of 2010 and GNP will fall 13.5% over the 2008-10 period; and if he will make a statement on the matter. [19129/09]

Unemployment Levels. (13 May 2009)

Joan Burton: I thank the Minister for his reply. What is his opinion on the EU Commission forecast that the fiscal deficit will reach 15.6% of GDP in 2010? Does the Minister accept this comes as a result of depressed demand and soaring job losses? What I find difficult to understand from the triumvirate in charge of the country, namely, the Taoiseach, the Tánaiste and the Minister for Finance, is that...

Unemployment Levels. (13 May 2009)

Joan Burton: I met people on the way back from Killarney where the Minister had addressed a credit union conference. He boasted that Irish people took pain that would cause riots in other countries. Where are the Minister's measures to deal with the 90,000 or so graduates and the additional tens of thousands of qualified apprentices? These are not unskilled people but have high levels of training and...

Unemployment Levels. (13 May 2009)

Joan Burton: That is what the people in Killarney thought.

Unemployment Levels. (13 May 2009)

Joan Burton: That was what they told me.

Unemployment Levels. (13 May 2009)

Joan Burton: How much?

Unemployment Levels. (13 May 2009)

Joan Burton: It was a tiny amount, €30 million.

Unemployment Levels. (13 May 2009)

Joan Burton: The Minister should tell us the amount. He was at the event and must know what it is.

National Asset Management Agency. (13 May 2009)

Joan Burton: Question 58: To ask the Minister for Finance his views on whether the State, through the National Asset Management Agency, could potentially significantly overpay for assets transferred to NAMA and that any such overpayment would constitute an indirect transfer of wealth from taxpayers to shareholders; and if he will make a statement on the matter. [19130/09]

National Asset Management Agency. (13 May 2009)

Joan Burton: I should like the Minister to answer three points as regards the NAMA proposal, the most importance of which is how are the toxic assets to be priced in a transparent manner that commands public confidence? The Minister mentioned an advisory committee. Presumably, like all of the other parties in this process, it will be a secret committee because that is effectively what has been happening...

National Asset Management Agency. (13 May 2009)

Joan Burton: Who are the members of the advisory committee?

National Asset Management Agency. (13 May 2009)

Joan Burton: Does the Minister understand that the banks, the covered institutions, are partially bankrupt? Some of them may be wholly bankrupt. He has mentioned the Governor of the Central Bank, his own Department and the regulator. Does he have confidence that these institutions have served well in this crisis? He said he had paid a minimum of €2 million to Merrill Lynch and up to €6 million for...

National Asset Management Agency. (13 May 2009)

Joan Burton: So, are they being written down?

National Asset Management Agency. (13 May 2009)

Joan Burton: Where will the Minister get that advice?

National Asset Management Agency. (13 May 2009)

Joan Burton: No. I said some of them are partially bankrupt in parts of their business.

National Asset Management Agency. (13 May 2009)

Joan Burton: The Minister has been warning me off since last October. Every time an open discussion happens he tries to warn me off.

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