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Ministerial Rota for Parliamentary Questions: Motion (6 Feb 2013)

Paul Kehoe: I move:That, notwithstanding anything in the Order of the Dáil of 9 March 2011, setting out the rota in which Questions to members of the Government are to be asked, Questions for oral answer, following those next set down to the Tánaiste and Minister for Foreign Affairs and Trade, shall be set down to Ministers in the following temporary sequence:Minister for Jobs, Enterprise and...

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: Having listened to the contributions to this debate, I am of the view that there is some common ground on both sides of the House. We are agreed that every effort must be made to reduce the cost to the Exchequer of the promissory notes. We are also agreed, to various degrees, that the State should continue its interaction with our European partners as to how this can be achieved. As many...

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: The Government's engagement with our European partners and its approach to the discussions has always been constructive and consensual. This approach has been successful to date and, by meeting our commitments and engaging in constructive dialogue with our European partners, we expect to achieve a result. An agreed basis for the renegotiation of the IBRC promissory notes would be the next...

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: We imposed burden sharing on junior debt holders and we are implementing structural reforms with a view to enhancing the growth potential of the economy.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: A significant increase in cost competitiveness has provided a much needed boost-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: -----to our export sector. We are introducing-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: I have almost concluded. It is important that I conclude.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: We are introducing fiscal reforms to improve the management and control of our public finances.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: A stabilisation in the level of unemployment and positive expectations-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: -----regarding employment growth have been experienced recently.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: There have been increased activity levels in the commercial property markets, particularly among overseas investors.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: Residential property prices have stabilised and there has been an uptick in the volume of mortgage approvals.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: Above all, the renewed confidence in Ireland has been reflected in the significantly lower yields on sovereign bonds.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: Let me conclude.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: The motion before the House seeks to force Ireland's hand-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: -----in the current negotiations while discussions with our European partners are ongoing.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: The Government's amendment reinforces the current approach to the issue of the IBRC promissory notes and avoids placing a restriction-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: The Minister thanks the Deputies for this constructive and helpful debate-----

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: -----and reassures them that we are working to bring matters to a speedy conclusion.

Promissory Notes: Motion (Resumed) [Private Members] (6 Feb 2013)

Paul Kehoe: It is a procedural matter.

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