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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: Yes, but that has been dealt with several times. We are now in repetition mode.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: I call Deputy McDonald.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: Amendments Nos. 54 to 63 have been ruled out of order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: How stands the amendment?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: Amendments Nos. 65 and 74 are related and may discussed together by agreement.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: There is a vote being called in the Dáil and I wish to finish this meeting.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Freedom of Information Bill 2013: Committee Stage (Resumed) (13 Nov 2013)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Public Expenditure and Reform has completed its consideration of the Freedom of Information Bill 2013 and has made amendments thereto.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (13 Nov 2013)

Ciarán Lynch: Is it agreed to deal with correspondence and other matters in private session after the discussion with the Minister, as he must depart at 11.30 a.m.? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: We shall resume in public session to deal with Item 5 of today's business, a pre-ECOFIN briefing for November 2013. I welcome the Minister for Finance, Deputy Michael Noonan, and his officials. The format for the meeting will be that the Minister will make some opening remarks which will be followed by a question and answer session. I remind Members, witnesses and those in the Visitors...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Can the Minister clarify if the single resolution mechanism will apply to Irish credit unions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: After the ECOFIN meeting, Ireland will be exiting the bailout programme. With regard to the European semester and the budgetary situation, we are now in the system proper in 2014. Does the Minister have any thoughts he wants to share on how the Oireachtas or parliamentary dimension will operate as part of the budgetary cycle as it is the first year proper in that system?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: With regard to the standard VAT return being worked upon as part of the ECOFIN process, can the Minister explain to us whether it is coming from the Commission or the SME sector? The Minister indicated concern about this because it could create a layer of bureaucracy in the system we have, which is quite simple.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Can the Minister give us the state of play of the single resolution mechanism? What is the Minister's understanding with different member states on how it will further progress? Can the Minister provide clarification in regard to the banking sector and how it can be levied after a resolution situation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Is there not a case of for proportionality? In some smaller member states, a bank might not seem like a big bank on the European stage but for the small country's economy it is quite significant.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Will the Deputy put the question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: A final reply.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: I am conscious that the Minister needs to go at 11.30 a.m. I call Deputy Boyd Barrett.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Before I call Deputy Arthur Spring, I ask the Minister to revert to an issue raised by Deputy Dara Murphy, the position with the German trade surplus, on which there has been much commentary. Mr. Paul Krugman also had an article on it last week in which he stated that the German economy was benefiting from a cheap euro. I understand the Commission is due to publish its opinion on member...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: As we saw with the Maastricht treaty and other measures the rules do not appear to apply when the major states in Europe do not feel threatened.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Ciarán Lynch: Okay.

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