Results 8,941-8,960 of 40,550 for speaker:Joan Burton
- Fiscal Policy (30 Sep 2010)
Joan Burton: The Minister's statement of this morning contains a two-line reference to a four-year budgetary plan. Was this budgetary plan requested by the European Commission? Has it been agreed with the European Commission and who will prepare the plan? Everybody agrees that the growth forecast previously used by the Minister erred on the side of optimism. Will the four-year plan be drawn up...
- Fiscal Policy (30 Sep 2010)
Joan Burton: Did they raise it in conversation?
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: We were given a short briefing in the Department of Finance yesterday morning. The Minister's officials that something like â¬36 billion was coming off the guarantee at midnight last night in relation to senior debt. The Minister made various statements earlier today suggesting that he had legal advice of some kind - the Attorney General, I think, was quoted - that it was not possible to...
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: I ask the Minister to bear with me. The figures we were advised of by the Minister's officials at the briefing yesterday were somewhat higher than the â¬26 billion he has just mentioned. Why is there any real impediment to negotiating with bond holders who have come off guarantee? What impediment can there possibly be to that? When businesses fail and go into receivership, creditors,...
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: -----occurred with regard to the guarantee last night, the cost in respect of which - leaving aside the subordinated debt - will be â¬36 billion.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: I know that.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: No. I want the Minister to explain his thinking.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: This is a fundamental issue.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: That much is clear. The Deputy should allow the Minister to reply.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: What is the nature of that advice?
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: Pari passu.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: That is quite a change.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: The Minister is not a businessman if he calls that profit.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: Some â¬45 billion to â¬50 billion.
- Bank Guarantee Scheme (30 Sep 2010)
Joan Burton: The next two questions address it, if the Deputy let the Minister proceed.
- Banking Sector Regulation (30 Sep 2010)
Joan Burton: We are trying to give people signs of hope that we can reflate the economy and get some activity going. I have been putting this proposal to the Minister for the past 18 months. There are successful SME loan guarantee schemes working, for example, in the UK, Japan and Hong Kong. As I have mentioned before, I envisage a co-guarantee risk-sharing scheme where the banks make the lending...
- Banking Sector Regulation (30 Sep 2010)
Joan Burton: Does the Minister appreciate that businesses need to get their customers to pay them more promptly to generate more business? The problem is the cash cycle is frozen. The purpose of the Labour Party's proposal for an SME loan guarantee scheme is to get the cash cycle flowing again. The work done by Mr. John Trethowan is fine but Allied Irish Banks and Bank of Ireland will still want to...
- Banking Sector Regulation (30 Sep 2010)
Joan Burton: -----but the interest rate and facilitation fees were colossal. It was another way of saying "No". I cannot stress how important it is to unfreeze the credit cycle.
- Banking Sector Regulation (30 Sep 2010)
Joan Burton: It is very tough all the same.
- Banking Sector Regulation (30 Sep 2010)
Joan Burton: Is the Minister examining a factoring guarantee scheme?