Results 801-820 of 6,295 for speaker:Michael D'Arcy
- Seanad: Recent Developments in the Eurozone: Discussion with Minister of State (8 Nov 2011)
Michael D'Arcy: I thought I could make a five-minute statement, sharing time.
- Seanad: Recent Developments in the Eurozone: Discussion with Minister of State (8 Nov 2011)
Michael D'Arcy: I believed my time was to be shared.
- Seanad: Recent Developments in the Eurozone: Discussion with Minister of State (8 Nov 2011)
Michael D'Arcy: I thank the Chair. I apologise for the mix-up.
- Seanad: Recent Developments in the Eurozone: Discussion with Minister of State (8 Nov 2011)
Michael D'Arcy: As things stand it is not possible for current arrangements to deal with eurozone debtors Spain and Italy, but they can deal with Greece. The combination of both Spain and Italy would come to more than â¬2.2 trillion in public debt. That is almost twice as high as the proposed â¬1.25 trillion European Financial Stability Facility, EFSF, vehicle. That latter amount would have only enough...
- Seanad: Water Services (Amendment) Bill 2011: Committee Stage (Resumed) (23 Nov 2011)
Michael D'Arcy: The Senator has repeated exactly what he said on the last amendment. He is saying it all again.
- Seanad: Water Services (Amendment) Bill 2011: Committee Stage (Resumed) (23 Nov 2011)
Michael D'Arcy: Senator à Domhnaill is saying the same thing as Gaeilge.
- Seanad: Water Services (Amendment) Bill 2011: Committee Stage (Resumed) (23 Nov 2011)
Michael D'Arcy: It is just the same thing over and over and over again.
- Seanad: Water Services (Amendment) Bill 2011: Committee Stage (Resumed) (23 Nov 2011)
Michael D'Arcy: Senator à Domhnaill did not say it twice but 12 times.
- Seanad: Order of Business (30 Nov 2011)
Michael D'Arcy: The forked tongue speak from Sinn Féin always amazes me when the Government cutting most on this island is in Northern Ireland.
- Seanad: Order of Business (30 Nov 2011)
Michael D'Arcy: I refer to the REFIT price for wind energy. It is very important that we try to get a decision on this. I listened to the Minister yesterday replying to a question in the Dail. He is awaiting a response from the Commission. It beggars belief that we have an industry that has stopped even though it is crucial to the development of our country at a time when we need economic growth. One of...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: In this debate I hope we will stop trying to rewrite history.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: We will try not to rewrite history. Fine Gael supported the previous Government because it believed it was the right choice to make. In my opinion and that of many others, the previous Government introduced this scheme because the then Minister, the Department and the then Government had been given incorrect information. I am being fair and honest. Sinn Féin also supported Fine Gael that...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: I am being accurate.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: I am trying to be fair. The circumstances changed and people did not believe some of the information revealed.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: Positions changed. Let us stick with the facts and try not to rewrite history. There is no choice but to support this measure. I would like the â¬100 billion liability removed from the State, but there comes a time when there is no choice. This is such a time. Some â¬80 billion of the amount guaranteed is made up by accounts of less than â¬100,000 held in the retail banks by Joe...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: It is all part of the guarantee.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: According to the note, this is the aggregated figure. Anyone who does not support the scheme is not acting in the public interest. We must address these facts. Other deposits are guaranteed-----
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: I am addressing the matters involved in an open and fair manner. I know what I would like to tell the unsecured bondholders who account for a figure of â¬38 billion, but there comes a time when one cannot change course, even after one has been handed new information. For this reason, Fine Gael and the Labour Party in government are advancing the scheme. Handed it in mid-stream, we can...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: It has taken and taken, but it only gives to its clients when it is charged a fee. My accusation of treachery relates purely to its treachery towards its clients who are being overcharged. The State's third banking force is Ulster Bank. That there will only be two pillar banks is a concern. When there were only two banks in the 1950s, 1960s and 1970s, they loaned in a very conservative...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)
Michael D'Arcy: On a point of order, Senator Byrne said the worst day for democracy was today but the worst day was the day the previous Taoiseach was drunk on the radio.