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Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: With due respect, it was not in the written order of the House. I objected to the guillotine being applied to the Finance Bill. I had the written order in front of me and can confirm with our Whip that, in the copy we received, there was no reference to amendment No. 3. The Ceann Comhairle is suggesting that the Taoiseach, in his presentation to the House, audible only to his colleagues...

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: What protection am I afforded?

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: I was orderly yesterday. The amendment was openly discussed and was put to the House three times. The Minister and I exhausted our speaking time and the amendment was fully debated.

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: Can the Ceann Comhairle give us that?

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: Absolutely not.

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: I suggest that we suspend for ten to 15 minutes. I do not specialise in procedure but I acknowledge that the notion that an amendment put validly yesterday can be overturned by Government pique today is utterly wrong and is an abuse of the House.

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: I said this morning that after a long debate yesterday, in which we all gave our varying views, the Government, by not opposing-----

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: No. The Minister has made a charge against me. The Ceann Comhairle did not interrupt him and I ask for the same speaking rights.

Finance Bill 2010: Report Stage (Resumed) (10 Mar 2010)

Joan Burton: Can I just respond? There was nobody from Fianna Fáil except the Minister present yesterday while the amendment was being discussed, although we were dealing with the Finance Bill, one of the most important Bills that the House passes every year. The Leas-Cheann Comhairle asked the position on amendment No. 3 no fewer than three times and stated slowly that it was being passed. By not...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Question 41: To ask the Minister for Finance if he plans to further recapitalise Anglo Irish Bank in 2010; the impact he expects bank recapitalisation to have on the Exchequer and the general Government balance in 2010 and in 2011; the impact he expects bank recapitalisation to have on the National Pensions Reserve Fund in 2010 and in 2011; and if he will make a statement on the matter....

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: I thank the Minister for his reply. It is now two and a half months since the Anglo Irish Bank year end. It is a State-owned bank. Speculation has appeared in the newspapers, uncontested by the Department of Finance, that the losses at Anglo Irish Bank are likely to be in the region of €10 billion to €12 billion, and I have seen mention of €14 billion. Is the Minister aware the bank...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: The accounts are to 31 December.

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: While I do not want to take issue with the Minister, and he may wish to correct his papers, my understanding was that Anglo Irish Bank's year end was September. The Minister will recall the guarantee was issued on the night before Anglo Irish Bank's year end of 30 September. The 15-month accounting period goes from September 2008 to December 2009. The Minister might check his papers later,...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: While I do not want to take issue, that is not what I or the markets understand. We understand that the accounts to 31 December are in preparation at present and should be ready for issuance very soon. I understood from recent statements by the Taoiseach that he is anticipating the Government will make a major announcement on recapitalisation of the banks after the St. Patrick's Day travels...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Question 43: To ask the Minister for Finance the State's exit strategy from the blanket bank guarantee, issued on 30 September 2008; the credit institutions that have issued debt or other liabilities under the extended eligible liabilities guarantee; the amount of liabilities that have been raised to date under the eligible liabilities guarantee; the institutions, and the maturities; the...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Can the Minister confirm that senior debt issued by the covered institutions before the commencement date of the new extended liabilities guarantee scheme, 9 December, will continue to be guaranteed on 29 September, the anniversary of the guarantee, when it is meant to expire, but will then cease to be guaranteed under either guarantee scheme? Alternatively, is it the Minister's intention to...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Do I hear a note of doubt entering the Minister's voice? Is he not closing off the possibility that the guarantee will, perhaps in piecemeal fashion, be extended after 29 September? The Minister appeared to confirm that all dated subordinated debt, the really risky stuff that we do not know why Fianna Fáil included it in the guarantee, is definitely out after 29 September. I hear doubt in...

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Is the guarantee going to finish then on 29 September? Is the subordinated doubt definitely out?

Bank Recapitalisation. (10 Mar 2010)

Joan Burton: Fianna Fáil is the senior Government party so I see more of the Minister than I do of our absent Green Party friends.

Flood Relief. (10 Mar 2010)

Joan Burton: Is there a whole of Government approach to this issue? Is there someone, perhaps the Minister of State, who joins up the dots in respect of his colleague in the Department of the Environment, Heritage and Local Government? While floods were persecuting many families and farms throughout the west and south west, the reality for those in west and north County Dublin was that water tankers...

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