Results 6,641-6,660 of 40,550 for speaker:Joan Burton

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: I want to-----

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: On a point of information, this is probably the most important debate that has taken place in the Oireachtas for a very long period. When it comes to putting amendment No. 4 before the House, will I have an opportunity to reply to the Minister at that point? I understand that amendment No. 2 is being taken first. We would not have agreed to the grouping if we understood it would diminish...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: We sought to be co-operative, not to be abused.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: I request that the Acting Chairman ungroup them.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: I seek a separate decision in regard to amendment No. 4.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: The Labour Party will support the Fine Gael amendment. We have an amendment No. 17 relating to the special purpose vehicle which we consider to be very important because it cuts to its fundamental status. This very peculiar SPV was informed to the Dáil very late in the day. I do not believe it was the subject of any message from the Government to the Green Party that it would have such a...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: In terms of the long-term governance of the European Union, I do not think this is the correct way to go. Everybody recognises that the banking debts are special and specific, and we hope that they are one-off and pretty much limited to what is described in the Bill. I am sure that is what the Minister wants and that is what everybody else would like to see. However, EUROSTAT should not...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: I am sorry, I thought I saw the Minister shaking his head. Is the formal agency issuing the bonds? This is really important.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: Does the Minister want to come in now?

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: It is very likely that in this scenario, the Minister will be going regularly to the EU looking for approval for this on a continuing basis in the context of State aid. I am not sure that this has been thought through. The Government will probably need regular EU approval for State aid. We saw a memo today to the EU that dealt with Anglo Irish Bank on the eve of the bank's nationalisation...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: What the Deputy just stated is meaningless.

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: Perhaps Deputy Gogarty might retrace his steps because I am finding what he has to say difficult to follow.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: Can the SPV create a subsidiary or associates which they could use as derivatives to off-load the risk?

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I welcome the concessions made by the Minister on the advice of the Attorney General to give legal recognition to the SPV in the Bill. That is a positive step. In section 4, the definition of a NAMA group entity on page 20 is "a subsidiary of NAMA" and so on, and reference is made to "any other body corporate and any trust, partnership," etc. The Labour Party has put forward an amendment in...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: We put forward an amendment to allow for a private auditor together with the Comptroller and Auditor General.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: It was part of the complexity of the definition of the entity.

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I move amendment No. 4: In page 16, between lines 35 and 36, to insert the following: 2.—(1) For the purposes of this Act, "the Oversight Committee" shall mean a committee of Dáil Éireann, or a sub-committee thereof so enjoined and appointed by a Resolution of that House, consisting of specified persons not being members of the Houses of the Oireachtas to report to Dáil Éireann every 30...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: I move amendment No. 5: In page 16, between lines 36 and 37, to insert the following: "(a) to contribute to the sustainable social and economic development of the State,". This Labour Party amendment proposes to insert the words "to contribute to the sustainable social and economic development of the State". Members who were here for the Committee Stage debate will recall that the Minister...

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: May I enlighten the Minister of State? The point is it was the Minister who-----

National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)

Joan Burton: Amendment No. 8 is the Labour Party's amendment. The Minister suggested we amend it by including the word "sustainable"-----