Results 9,161-9,180 of 40,550 for speaker:Joan Burton

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: This is the Minister who climbed every tree.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: I am sure the Minister will have seen the following article but I would like to refer to it. In today's edition of The Irish Times, the economics editor stated in an article that: "Given all the factors [analysing the economic crisis] it is hard to avoid the conclusion that it is now as likely as not that the State will have no option but to resort to a bailout." Will the Minister comment...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: Okay. This morning a Deputy referred to our country as a banana republic. While this country needs much reform, it is not a banana republic; it is a democracy. My party is willing to go into Government to sort out the ills that have beset the country. This is not some African country; it is a mature democracy and a member of the European Union.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: The Minister acknowledged, by way of a reply to a parliamentary question tabled by me, that the bondholders in Anglo Irish Bank which matured at the end of September, the anniversary of the guarantee, were repaid in full on the evening of 30 September. Does he agree it was tactically foolish not to disclose that information to the Dáil and, therefore, allow and encourage a debate in regard...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: The Minister can answer the question.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: We read the Minister's statements about it. He was going to the markets in New York for a bondholders conference shortly after that. Why did he not tell the Dáil-----

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: Why did the Minister not tell the Dáil and stop that speculation? In fact, the speculation he allowed to run on, tactically, enabled the markets to take a worse view of Ireland than was justified. I would like to ask the Minister about his tactics and those of the various organisations under the remit of his Department. I ask him now, because time has elapsed, how was the redemption of...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: The Minister's officials will tell him.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: Why did the Minister not say that on the record?

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: I asked the Minister several times.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: It is 7.4% today.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: I asked two further questions. The balance of the promissory notes which are to be issued by the end of the year for Anglo Irish Bank and Irish Nationwide Building Society is approximately €6 billion. Under the terms arranged by the Government, the notes will have to be issued at the prevailing rate of interest, which stands at more than 7% today. Has the Department factored in the...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: It was this that resulted in an increase in the Government's figure for savings from €7 billion to €15 billion. It would make up the difference.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: The Minister's officials indicated the rate charged will be the current rate.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: And the Minister referred to it in his speech.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: The Minister referred to this himself in his speech.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: This is more tooth fairy stuff. This is the tooth fairy view-----

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: ----- but Ireland does not have a tooth fairy.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: I do not think the article I have to hand is defamatory. Is the Minister suggesting the article in The Irish Times is defamatory?

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Joan Burton: It is the story that appeared in the Daily Mail?