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Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: We had a construction boom.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: The recession was acknowledged two years after it began.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: It has been suspended. The Minister of State should tell the truth.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Sorry.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: That is different from the devolved scheme.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Let us deal with it.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Not at all. The regulator is not effective.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: He is not effective. Let us call a spade a spade.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Let us call a spade a spade. I am sick and tired listening to this rubbish.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: It is rubbish.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I am sorry.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Precisely.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I would like to give two minutes of my time to Senator Buttimer.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I welcome the Minister of State to the House and I want to comment on his contribution. I commend Senators Phelan and Donohoe for bringing this motion before the House. It is a timely motion and indicates they are on the ball regarding this issue. Senator Boyle has left the Chamber but the way the amendment to the motion has been framed——

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I wanted to respond to something he said but I realised he had left the Chamber. The amendment commends the Government for its management of the economy and the public finances, which means that Ireland faces the current global economic crisis from a position of strength. That must be a joke. We were the first country in Europe to go into recession and we are now rated second to Latvia in...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: They are the new elect.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I am not convinced of the Minister of State's argument that the social partners are seeking to hold on to jobs. They appear to want to hold on to pay at a time when we all realise we must take our medicine as a consequence of the Government's mismanagement of the public finances. While I accept the economy operates in the global context and global events have impacted on the banking crisis,...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Our two main banks inform us they are extending credit lines. This is not true. Last week in my office I heard about a young fashion start-up group that enjoys significant sales and is seeking a loan of just €25,000 from Bank of Ireland to go on-line. The funding has not been made available to it. The sterling crisis is placing manufacturing businesses under major pressure. I am aware...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Did the Cathaoirleach give me notice?

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I did not hear the Cathaoirleach.

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