Results 841-860 of 939 for speaker:Noel Treacy

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: I have listened with great interest to the utterances of my colleagues——

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: ——and I have been guided by the limits of elasticity they have used. I am trying to encompass the whole system within that.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: I agree with Deputy Morgan and Deputy Rabbitte that this is an insurance policy. Any of us who ever had an insurance policy and examined it in detail will know one can be very fortunate; a policy can realise wonderful growth and mature at the right time or one can be very unfortunate and it might not return——

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: ——exactly what is required. As legislators we are the last line of resort in this situation——

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: ——and there is a duty on the banks. I listened to Deputy Burton's lecture in history last night and I did not interrupt her, but it was slightly off the wall at times.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: The banks have a duty and the Bill proposes that banks must be responsible. We are fortunate to be in the eurozone at this time. If we had to protect our banks with only our own little punt currency, how could we stand against the ravages of the international marketplace? The European Central Bank has a key role to play because we are part of that system, we are in the eurozone and we have...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: Gently, please. This was done to protect our financial institutions. The Governor of the Central Bank, the Irish Financial Services Regulatory Authority and the Minister for Finance, either individually or collectively, can put an inspector into a bank at one hour's notice.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: That legislation has been introduced over the years.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: This is very important legislation. The Minister is taking into account the importance of this House, this Legislature. The Bill proposes to give responsibility to the Minister, to the custodian of the country's financial system, and we as his colleagues, as legislators, can question him at any time, either in the House or in committee, on any aspect of the financial system. We can take...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: There have been sectoral failures over the years. I refer to the collapse in the technology sector a number of years ago which was dealt with. The Government is introducing legislation that will give sustainability and confidence and that protects the resources, savings, investments, deposits and credit lines of our people and our companies. We have a duty to do this and we must support...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Noel Treacy: Deputy Ring is back in Ireland now.

Broadcasting Bill 2008 [Seanad]: Second Stage (Resumed). (9 Oct 2008)

Noel Treacy: Is cúis áthais dom é deis a bheith agam páirt a ghlacadh sa díospóireacht an-tábhachtach seo ar an mBille Craolacháin 2008. Is reachtaíocht an-tábhachtach é. Tá 165 leathanach, thar 13 páirt nó 181 roinn, sa Bhille. Tá Sceideal amháin ag baint leis an mBille freisin. Aontaím le móran den mhéid a dúirt mo chomhghleacaí ón Dáilcheantar Gaillimh Thoir, an Teachta de...

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: Withdraw it.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: I support the amendment that has been moved by the Minister, Deputy Smith. As public representatives and legislators, we have the responsibility and privilege of representing the people in this House. It is important that we do not mislead communities throughout the country.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: In particular, we should not mislead the farming organisations. I commend and salute the outstanding leadership capacity that has been shown by the Minister for Agriculture, Fisheries and Food since he took office. Deputy Smith is an outstanding Minister. He showed his negotiating skills when he got this scheme agreed at Council of Ministers level.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: He got the Commissioner to change various schemes. He showed flexibility when it was needed by Irish farmers. He secured early payments to assist farmers who needed cash at particular times. We have brought forward the single farm payments. We have delivered them. We are continuing to make payments. This scheme represents an investment of over €500 million in rural and agriculture...

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: When that was done some years ago, before Ireland joined the European Union, it nearly bankrupted the country. When Fianna Fáil came into government in 1987, this country's debt represented 120% of its gross domestic product.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: Deputy Creed is a young man. It is important for him to understand the reality of the facts.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: Fine Gael abolished the Irish Land Commission. It left farmers with serious annuity arrears. It almost bankrupted the farmers who were unable to pay for expensive land. It did not deal with the matter when it was leaving office.

Farm Waste Management Scheme: Motion (16 Oct 2008)

Noel Treacy: Sit down, Deputy McEntee. Do not be annoying and interrupting me.