Results 8,781-8,800 of 11,861 for speaker:Brian Hayes

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: Where would Sinn Féin get the money from?

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: That would not be enough.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: Sinn Féin has cut capital budgets in Northern Ireland.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: It has reduced the number of public servants by 20%

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: Sinn Féin should hand the grant back if it does not want it.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: Thanks to British taxpayers.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: It would be stuck without them.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: They are all in school.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: Hear, hear.

Finance Bill 2012: Second Stage (Resumed) (15 Feb 2012)

Brian Hayes: I would not be certain about that.

Written Answers — Flood Relief: Flood Relief (21 Feb 2012)

Brian Hayes: The bridge in question was removed during flood relief works undertaken by the Office of Public Works (OPW) in the Dunboyne area on behalf of Meath County Council following the major flood events in 2000 and 2002. The bridge was no longer used for traffic. The cast iron sections of the bridge were sent to the OPW's Central Engineering Workshop for restoration and repainting. This work has...

Credit Availability (22 Feb 2012)

Brian Hayes: As indicated to the Deputy in a written reply yesterday, the Government has imposed lending targets on the two domestic pillar banks for the three calendar years, 2011 to 2013. Both banks were required to sanction lending of at least €3 billion in 2011, €3.5 billion this year and €4 billion in 2013 for new or increased credit facilities to SMEs. These followed on the initiatives taken...

Credit Availability (22 Feb 2012)

Brian Hayes: I agree with the Deputy that this is the key test of whether we can get the economy moving again, namely, getting credit out to SMEs in particular. The climate has been challenging given the recent difficulties in the economy. It is a chicken and egg situation. We need more applications to come forward and a better processing regime by the banks. Some of the advances we have seen during...

Credit Availability (22 Feb 2012)

Brian Hayes: I welcome the Deputy's constructive remarks. This is a challenge particularly as we proceed through 2012. The Taoiseach has rightly pointed out that this is the year when the investment jobs agenda is the crucial test for us all to get people back to work. That will not happen unless we can provide funds into the real economy. It is important to state also that the whole of Government is...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: As the Deputy is aware I have indicated that I am committed to reviewing the approach to the promissory notes with a view to reducing the overall cost to the State of correcting the banking system. The troika have agreed to engage in a process with Irish officials to produce a common paper which will consider options for re-engineering the notes in terms of the maturity of the notes, the...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: I thank the Deputy for that. On the latter issue, we have not set any specific timeframes. Something we wanted to see happen for quite some time was a joint approach by the ECB, the IMF and the European Commission. They are working on the paper, and the Minister for Finance has made it clear that when it is produced, the issue will be brought to the political arena. Given the difficulties...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: The whole payment is relevant to Ireland because, by making these payments, we are making our situation more difficult. However, the point we have stressed is that we are not seeking a specific write-down. We think this can be managed in a more productive way if we redesign the entire mechanism. Our approach before the election, during the election and on coming into office has been to...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: This touches on the questions raised by Deputy Doherty. I very much welcome the constructive contribution from the economists on the question of the promissory notes, and I assure the Deputy that the presentations and remarks to the joint committee will be examined in detail. However, it would not at all be appropriate for me to unilaterally instruct the Central Bank and the troika that the...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: I am sure the Deputy is aware that we paid it last year, admittedly without the interest component, and the world did not change. While we are conscious of the difficulties this imposes on the State, the €3.1 billion was paid last year. People need to be aware of that fact. We have taken an incremental approach to the negotiations with our external funders. Last year we managed to...

Banks Recapitalisation (22 Feb 2012)

Brian Hayes: I would not like to be in the position in which the Greeks find themselves right now.