Results 881-900 of 27,019 for speaker:Michael Noonan

Economic Issues: Motion (Resumed) (7 Jul 2010)

Michael Noonan: To extend the metaphor, the green officers who have now departed the deck would probably have been on the side of the iceberg. They would have accused the Minister of deliberately destroying one of the great features of nature by driving the Titanic straight into it. These are the problems the Minister faces. It is known by all parties that there is no confidence on the ground in the...

Economic Issues: Motion (Resumed) (7 Jul 2010)

Michael Noonan: There is a match on television. The Deputy should get in tune with the real Ireland. There is no confidence in the banks. After the investment of €22 billion in Anglo Irish Bank, the investment in Bank of Ireland and AIB, the establishment of the National Asset Management Agency, NAMA, and the transfer of the impaired assets, we still do not have a functioning banking system that is...

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: I wish to share my time with Deputy Kieran O'Donnell.

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: I welcome the motion. We are not coming cold to it because there has been considerable discussion on this matter at the Joint Committee on Finance and the Public Service. I attended last week's meeting but Deputy Burton and others have been attending meetings for quite some time. The amendments being made to the proposed terms of reference by the Minister are acceptable. He has moved very...

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: It was eventually but not at the time in question. This must be examined. It is very important that this be done. One point made by the Minister may meet the requirements I sought last night when we referred to these issues during the debate on the Private Members' motion. He said in his speech that "the terms of reference of the commission require it to examine whether any advices or...

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: If it were Wallander the report would make very depressing reading.

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: It is more like a dead-cat bounce.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I propose to share time with Deputy Mitchell.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I wish to move an amendment to the motion by appending the following: "on condition that the Government introduces legislation before 1st November 2010 providing for a Bank Resolution system that gives the Central Bank powers to wind down or break up failing banks and to equitably share the costs of the wind down or the break up with all professional providers of capital and long-term...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Will the Acting Chairman indicate the ruling of the Ceann Comhairle? We have been voting in the House, so I have not seen the letter.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: No, I was in the Chamber for the series of votes that took place. A letter to my office while I am in the Chamber is no good.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: It was my understanding that amendments could not be proposed to the text of the statutory instrument but that the motion governing the statutory instrument is subject to amendment. Is that not the case?

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: The words "stable", "horse" and "gone" spring to mind.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I do not want to be disobliging to the other Members who wish to speak. Perhaps the Minister will facilitate me by replying to the terms of my amendment in the course of the debate. I will set out my concerns and the Minister can respond to them. We can do it that way rather than formalising it.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I believe an extension of the ELG scheme is necessary to ensure the refinancing of Bank of Ireland and Allied Irish Banks may proceed in an orderly fashion, that deposits are underpinned elsewhere in the market and that other institutions that wish to avail of the guarantee are free to do so. I am reluctant to support the motion, however, for two reasons, as dealt with in my amendment. When...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: The Minister's defence may be correct. It was the same Minister who told us, the night he introduced the guarantee, that this would be the cheapest bank rescue anywhere in the world.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Was the clip of the Minister we saw on television last night out of context? A clip of the Minister saying that was shown last night on "Prime Time".

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Our archivist, Deputy Burton, has full details of it.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Perhaps it was unintentional. However, new information has emerged through the release of information to the Committee of Public Accounts.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I do not know at what venue the Minister was speaking in the clip shown on "Prime Time" last night. That is what he said on the clip shown on "Prime Time". I do not know in the context of what debate the Minister said it. The Minister, on leaving the House on the night of the guarantee two years ago, went to the Seanad where Senator Liam Twomey moved an amendment to the motion seeking that...