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National Archives (10 Nov 2010)

Joan Burton: In view of the potentially wonderful achievements with cloud computing, and I think Microsoft in Ireland as well as various Departments are heavily involved, given that Anglo Irish Bank is, whether we like it or not, one of the most expensive cultural acquisitions ever made in the history of the State does the development of cloud computing offer an opportunity for the Minister to deal with...

National Archives (10 Nov 2010)

Joan Burton: Yes, it is.

National Archives (10 Nov 2010)

Joan Burton: Cloud computing is all about capturing and sharing data. I went to a seminar on it.

Fiscal Policy (10 Nov 2010)

Joan Burton: Will the Minister give the House a date for the publication of the four-year plan? As part of the sharing of information offered by the Minister to the Opposition I have asked the Minister and his officials on previous occasions if the Minister can provide the Opposition with the template for the four-year plan. He must know this by now. Despite requesting this information for the past...

Fiscal Policy (10 Nov 2010)

Joan Burton: What does the Minister mean by his reference to later in the month with regard to the publication of the four-year plan? We were given to understand previously by him and by his officials that it would be published in the middle of the month, which is next week. Since then the Donegal by-election has been announced. The Labour Party put serious proposals to Commissioner Rehn yesterday for...

Fiscal Policy (10 Nov 2010)

Joan Burton: Then Donegal happened.

Departmental Staff (10 Nov 2010)

Joan Burton: How many qualified professional accountants with professional experience and statisticians are employed in the Department of Finance? How many staff, other than the one assistant secretary of whom we all know, have experience working as economists in the private sector or in other sectors? Does the Minister feel he got value from the €33 million he is reported to have spent on the services...

Departmental Staff (10 Nov 2010)

Joan Burton: I know that.

Departmental Staff (10 Nov 2010)

Joan Burton: Are there any professional accountants in the Department other than banking accountants-----

Departmental Staff (10 Nov 2010)

Joan Burton: I presume the answer is "No".

Departmental Staff (10 Nov 2010)

Joan Burton: The Minister should answer the question.

Departmental Staff (10 Nov 2010)

Joan Burton: We are talking about the purchase of banks, not paper clips.

Banks Recapitalisation (10 Nov 2010)

Joan Burton: Question 54: To ask the Minister for Finance the reason the promissory notes issued in respect of Anglo Irish bank, Irish Nationwide and EBS carry coupon rates ranging from 4% to over 6%; if consideration was given in structuring these notes to the use of zero coupon notes; if consideration was given in structuring these notes to the use of shorter term money, rolled over at more...

Banks Recapitalisation (10 Nov 2010)

Joan Burton: I will repeat the question I asked earlier, which the Minister did not have an opportunity to answer. Is the Minister still committed to issuing further promissory notes to the tune of approximately €9 billion at the interest rates which now prevail, which today are 8% and which, even if the rates fall back a bit, are still likely to be over 6%. Strategically, is this the best approach...

Banks Recapitalisation (10 Nov 2010)

Joan Burton: It is 1.4%. It was on the table.

Banks Recapitalisation (10 Nov 2010)

Joan Burton: Given that the Minister is open to reconsidering the promissory notes, I strongly recommend that he do so. I suggest that he consult widely on the issue because the €31 billion for which we are on the hook is precisely what is dragging the country down. How can we regain the confidence of the bond markets until this issue has been mitigated?

Written Answers — National Pension Reserve Fund: National Pension Reserve Fund (10 Nov 2010)

Joan Burton: Question 74: To ask the Minister for Finance if his attention has been drawn to the fact that it is customary when a company engages in a rights issue that the price of the shares issued thereunder be set at a significant discount to the prevailing market price to attract investors; the reason he intends to press ahead with the €5.4 billion AIB rights issue at a price of 50 cent, when the...

Order of Business. (11 Nov 2010)

Joan Burton: That was when we had a surplus.

Order of Business. (11 Nov 2010)

Joan Burton: We know that.

Order of Business. (11 Nov 2010)

Joan Burton: But the Tánaiste give not give the Commissioner the----

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