Results 5,961-5,980 of 9,994 for speaker:John Gormley
- Written Answers — Planning Issues: Planning Issues (11 Feb 2009)
John Gormley: Draft Guidelines for Planning Authorities on the Planning System and Flood Risk Management were issued for public consultation in September 2008. The draft Guidelines are aimed at ensuring a more consistent, rigorous and systematic approach to flood risk assessment and management in the planning system. The draft guidelines state that: development in areas at risk of flooding, particularly...
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The Government has decided to invest â¬3.5 billion of taxpayers' money in each of the country's two biggest banks, Allied Irish Banks and Bank of Ireland. I stress the word "invest" because the aim of this measure is to reinforce the banking system, to restore confidence, to boost lending to business and to support and create jobs. The Green Party has worked hard with its Government...
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: Before Christmas, I criticised the Financial Regulator. At that time, the Green Party predicted that there would be resignations in the banking system. That has happened.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: I predict that the latest revelations from Irish Life & Permanent and Anglo Irish Bank will result in further resignations. I absolutely agree with the Deputies opposite that the support that was given to Anglo Irish Bank was not appropriate. There must be and will be root and branch reform of our banking system. We need a general crackdown on corporate crime in this country. In the...
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: ââas a result of these latest revelations.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: No blind eye will be turned as long as the Green Party is in government.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: A stable bank system is the cornerstone of the economy. It is a must for business and jobs, but this is an investment, not a bailout.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The banks will pay interest of 8% per annum for the funds. The Government will appoint four directors to each board, a quarter of the board membership in each case.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: I will now outline some aspects of the package. First, in regard to the environment, the Green Party welcomes especially the creation of â¬100 million for the environmental and clean energy innovation fund, which is part of the package.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: Here again we have evidence of opportunities being taken even in difficult times to mainstream pro-environmental initiatives. The Green Party worked with its Government partners to ensure that this bank initiative would ease the availability of funds to small and medium-sized businesses and to first-time home buyers. There is to be 30% extra lending capacity for first-time home buyers and...
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The Minister for Finance, Deputy Lenihan, said last night that he expects that, in practice, a 50% cut in bank executives' income will happen.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: He is advocating caps on executive incomes on the same style promulgated by the US President, Barack Obama.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The two banks concerned are imposing a 33% executive remuneration cut immediately. Bank board directors are to have fees cut by 25%
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: No bank bonuses will be paid from 2008 to 2009. A committee looking into the pay issue is to report shortly.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The Minister, Deputy Brian Lenihan, will write to the head of this committee pushing maximum cuts and pay caps. The Green Party will continue to keep pressure up on this issue.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The Green Party has always said that the law must be applied. We have continually said that the laws must be toughened and there must be closer bank supervision.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: We strongly believe there must be changes in management at the top and a totally new attitude and philosophy must be applied.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: This will take time. The Deputy is harping on; we did not take a cent from the banks, her party did. Her party took money from banks so she should keep quiet.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The Green Party is in government.
- Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)
John Gormley: The country faces an unprecedented recession amid the world's worst ever economic downturn. The key aspect of our current malaise is an unstable banking system. People would not thank us for shirking the challenges ahead. We are working inside the system to have the current rules and procedures applied as fairly as possible in the interests of ordinary workers.