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EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: ----- over a period of three years using the Department of Finance's stimulus projections would have returned a profit. One invests to return a profit.

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: I can argue that point.

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: I am not disputing that there is a huge amount of waste and that we need savings. However, the savings in terms of the money that will be raised will be a pittance in comparison to the €60 billion or the €120 billion or whatever figure one takes. Yes, savings will be made, but savings alone will not dig us out of a hole which was created by the previous administration, and I accept...

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: They are by virtue of the fact that they are working. However-----

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: -----they are not benefiting from increased profits. These profits are not being translated into increased wages.

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: I am not making an argument. I am stating that companies in Ireland are increasing their export levels which means their profits are increasing but no new jobs have been created in these fields. I am not giving out about these companies; I welcome that fact. What I am stating is that the workers in these companies are not benefiting additionally. They are benefiting by the fact that they...

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: This has always been a problem and I am surprised at the Labour Party. The whole idea is that workers have-----

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: Yes, and we also like that the workers, those who create the profits, should benefit most from it and not just through jobs.

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: If profits increase, wages should also increase. This is the definition of socialism and I am surprised-----

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: We have seen previous forecasts for growth rates last year and this year which were totally off the mark. We might be advised to take the current forecast of modest growth in the economy in the coming years with a grain of salt. Again, this will be determined by budgets and whatever proposal the Minister for Finance brings to the House on Tuesday. I think that prediction of modest growth...

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: There is a lot more than €75 billion being invested abroad by Irish pension and investment funds. However, whatever the figure, it is unpatriotic at a time of crisis. We must find a system to encourage Irish money to be invested in Ireland rather than being invested in Germany or elsewhere. If such moneys are not invested in this country we must find a way to impose a levy so the Irish...

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: I may have missed it and I look forward to the day it is introduced.

EU-IMF Programme: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: It came from the ECB.

Suicide Prevention: Statements (Resumed) (5 May 2011)

Aengus Ó Snodaigh: Cosúil le daoine eile, gabhaim comhghairdeas leis an Aire Stáit, an Teachta Kathleen Lynch, as ucht an post nua atá faighte aici. Ní bhfuair mé seans é sin a rá go dtí seo. Tá a fhios agam, ón obair a dhein sí roimhe seo, gur duine maith í. Tá súil agam go mbeidh sí in ann obair de réir a mbriathar nuair a bhí sí ar an taobh seo den Teach. Baineann an díospóireacht seo...

Written Answers — EU Directives: EU Directives (5 May 2011)

Aengus Ó Snodaigh: Question 34: To ask the Minister for Enterprise, Trade and Innovation the role he is playing in the audit of the transposition of EU directives; the directives that are under scrutiny by him; if this audit will incorporate an analysis of the transposition of EU directives on an all-Ireland basis in order that there is cross-border harmonisation thus reducing barriers to enterprise; and if he...

Employment Support Services (10 May 2011)

Aengus Ó Snodaigh: Question 37: To ask the Minister for Social Protection the steps she will take to ensure that Tús serves as an effective activation measure and to ensure the most suitable people are selected for participation in Tús. [10537/11]

Employment Support Services (10 May 2011)

Aengus Ó Snodaigh: The Minister is aware that the scheme is not voluntary and, in its current guise, people will be forced to participate for fear of losing their jobs. A wide range of community employers are set to participate. However, is it really acceptable to force people to work in this way especially when there are scores of people who would be very keen to apply or avail of the opportunity? For...

Employment Support Services (10 May 2011)

Aengus Ó Snodaigh: What is the top-up? I thought it was €20 per week, which would not even cover travel. Is there any intention to introduce a travel allowance for participants?

Social Welfare Code (10 May 2011)

Aengus Ó Snodaigh: Question 40: To ask the Minister for Social Protection if she will amend the means test rules for disability allowance and secondary payments to extend eligibility for these to wards of the courts whose funds were depleted at an exceptional rate during the period of 2007 to 2009 while under the care of the State as to do so will go some way towards compensating the wards for the loss of...

Social Welfare Code (10 May 2011)

Aengus Ó Snodaigh: Wards of court are, by definition, vulnerable and the State owes them an enhanced duty of care. The State, through the Courts Service, is responsible for the administration and investment of funds which many wards of court depend on for their living expenses. The fund is not a realisable asset in the sense of a means test. At the beginning of the economic downturn these funds lost...

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