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Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: The banks are still dictating matters.

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: I wish to share time with Deputy O'Dowd. I want to bring the debate back to the Fine Gael amendment to the motion on the regulatory failures of the system. We have had much uncertainty on Anglo Irish Bank and the Minister for Finance will have to clarify a number of points. It appears that Anglo Irish Bank gave €4 billion of an inter-bank loan to Irish Life & Permanent when the bank...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: I am sorry; I will finish on that point. The Ceann Comhairle said he would let me know when I had five minutes left. I advised him previously that Deputy O'Dowd was to speak. Can we facilitate him?

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: I thank the Acting Chairman. Finally——

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: I ask the Minister to review the Fine Gael proposal and give it consideration.

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Kieran O'Donnell: For how long?

Written Answers — Foreign Conflicts: Foreign Conflicts (12 Feb 2009)

Kieran O'Donnell: Question 30: To ask the Minister for Foreign Affairs the countries in which the conflict resolution unit of his Department is currently operating; the nature of the work being carried out by the unit; and if he will make a statement on the matter. [5237/09]

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: How much?

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: I wish to share my time with Deputies McCormack and Durkan.

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: I am delighted to speak on the Labour Party's Private Members' motion on the pension levy. I specifically wish to speak to the Fine Gael amendment. The Minister for Finance referred to the pension levy as being fair. However, for something to be fair people are entitled to get a return on what they are paying. It is akin to another income tax on the low paid. Many young married public...

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: The Minister stated a cap would be introduced but he did not specify what it would be. He must speak in absolute figures because the people are entitled to that.

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: It is time for fair play. The Minister also said that Opposition Deputies were clamouring about Government expenditure over the past number of years. Criticisms have been made about money wasted on PPARS, e-voting machines and e-government. Millions of euro have been squandered on systems that are not even functioning. During the good years, the Government should have set up a sinking...

Written Answers — Rail Freight Services: Rail Freight Services (17 Feb 2009)

Kieran O'Donnell: Question 86: To ask the Minister for Transport his proposals to increase the use of rail freight and the role the proposed freight forum will have; and if he will make a statement on the matter. [5994/09]

Tax Code. (18 Feb 2009)

Kieran O'Donnell: Question 40: To ask the Minister for Finance if he will make changes to the public service pension levy to correct unfair elements in its structure. [6590/09]

Tax Code. (18 Feb 2009)

Kieran O'Donnell: The Minister said there are no unfair elements to the pension levy but there are two. The first relates to the lower paid. Does the Minister consider it fair that a single person working in the public service earning €25,000 will only qualify for the contributory old age pension and will get no benefit from 5% of the contribution he or she is making to the public sector? Does the Minister...

Tax Code. (18 Feb 2009)

Kieran O'Donnell: This is about real people's lives and this is not a global equation. The State will only recoup €800 million rather than the €1.4 billion the Taoiseach stated when the measure was announced. It, therefore, will not work. The word "emergency" is used in the Title to the Bill. The term "emergency" normally indicates something short-term. Is this a long-term pension levy? The Minister...

Tax Code. (18 Feb 2009)

Kieran O'Donnell: That is in the future

Tax Code. (18 Feb 2009)

Kieran O'Donnell: Is the Minister giving a commitment?

Tax Code. (18 Feb 2009)

Kieran O'Donnell: It will over time.

Tax Code. (18 Feb 2009)

Kieran O'Donnell: They are gross figures.

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