Results 9,261-9,280 of 36,189 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: What the witnesses are involved with seems to be voluntary. That is obviously more beneficial as the full amount is not being paid out such as if the house is repossessed. It seems to be a voluntary process of benefit to the company, the bank and the customer. It is not something written down as part of the rules.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: I thank the witnesses for their presentations. I found them very informative and enjoyed them also. "Enjoyment" is a word I do not use at meetings of this committee too often as we are usually bogged down with very serious and heavy financial stuff. The delegates put their views across very fairly and clearly. Let me dig in a little deeper based on what the committee is tasked with. This...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: Perhaps Mr. Maguire will respond to my query in the second round. The delegation is opposed to mortgage insurance so I shall focus on Central Bank matters. The Central Bank allows for a 15% deviation on the rate whether it is 85% or 80%, as suggested. Should the deviation be for homes that are capped or for first-time buyers? Has the delegation views on the matter? Recently I had an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: I appreciate the latitude shown by the Vice Chairman. Mr. Deeter is right in what he said about cash buyers. Is that situation not part of the problem? We have the ingredients of a property bubble without the credit and we have a lack of supply. When supply is greater then credit will come on thus leading to the same type of frenzy we had in the past. That is my fear and understanding of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: I thank the delegation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Pearse Doherty: The soft landing that was promised for the past three years is about to hit hard.

Written Answers — Department of Finance: Exports Data (2 Dec 2014)

Pearse Doherty: 191. To ask the Minister for Finance the effect of contract manufacturing on Ireland's exports in 2014; and the way his Department is calculating this effect and knock-on effects on growth and so on. [45930/14]

Written Answers — Department of Finance: Construction Sector Strategy (2 Dec 2014)

Pearse Doherty: 222. To ask the Minister for Finance if he has received an economic impact analysis on a mortgage guarantee scheme as per the Construction 2020 commitment; and if so, if he will publish the document. [46281/14]

Written Answers — Department of Agriculture, Food and the Marine: Single Payment Scheme Transfers (2 Dec 2014)

Pearse Doherty: 267. To ask the Minister for Agriculture, Food and the Marine the reason for the delay in transferring entitlements in respect of a person (details supplied) in County Donegal despite them having submitted the necessary signed indemnity form to his Department. [45904/14]

Written Answers — Department of Agriculture, Food and the Marine: Agriculture Schemes Payments (2 Dec 2014)

Pearse Doherty: 268. To ask the Minister for Agriculture, Food and the Marine the reason a person (details supplied) in County Donegal has not received their disadvantaged area payment or their single farm payment; and if he will make a statement on the matter. [45931/14]

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (3 Dec 2014)

Pearse Doherty: 2. To ask the Minister for Finance if junior bondholders who refused to share in Anglo Irish Bank's losses are likely to receive payments as a result of the liquidation process at Irish Bank Resolution Corporation. [46338/14]

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (3 Dec 2014)

Pearse Doherty: The liquidation process of Irish Bank Resolution Corporation, IBRC, the former Anglo Irish Bank, and Irish Nationwide, is ongoing. It has been reported recently by Joe Brennan in Bloomberg that once more bondholders may get paid around the same time as water bills will drop through the letterboxes of families across this State. Can the Minister reassure us that it is unlikely that junior...

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (3 Dec 2014)

Pearse Doherty: We should always remind ourselves that we are talking about €35 billion that was injected into both the former Anglo Irish Bank and Irish Nationwide, which now form IBRC, which crippled the State. One of the Minister's first actions on taking office in 2011 was to pay over the promissory note of €3.1 billion that was due on 31 March. Then we had the winding down of the bank...

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (3 Dec 2014)

Pearse Doherty: The question before the Minister is quite simple. I appreciate that we still do not know what amount will remain when the entire IBRC is liquidated. However, that briefing provided to finance spokespersons contained the statement that: "It is not expected that any assets will be available to repay subordinate liability holders". Does the Minister stand over that statement? I take from...

Other Questions: Personal Insolvency Act (3 Dec 2014)

Pearse Doherty: 7. To ask the Minister for Finance the numbers of times State-backed banks have vetoed proposals in the personal insolvency process in cases in which they were the majority creditor. [45944/14]

Other Questions: Personal Insolvency Act (3 Dec 2014)

Pearse Doherty: In recent exchanges with the banks at the Joint Committee on Finance, Public Expenditure and Reform a very stubborn approach to struggling families has been taken, particularly by Bank of Ireland. Its approach has become clear once more. Mr. Boucher of Bank of Ireland has claimed he is not aware of a single case in which his bank wrote down mortgage debt. He has suggested the bank has...

Other Questions: Personal Insolvency Act (3 Dec 2014)

Pearse Doherty: I thank the Minister for giving that information. It is probably an understatement to say the personal insolvency system is clearly not functioning as it was intended to do. Representatives of the Insolvency Service of Ireland are travelling around the State to inform people and try to raise awareness, which is to be welcomed. I am aware that the Personal Insolvency Act 2012 is to be...

Other Questions: Personal Insolvency Act (3 Dec 2014)

Pearse Doherty: The take-up of the personal insolvency arrangements has been pathetic when measured against the expectations this Government had to deal with the mortgage crisis. The former Minister for Justice and Equality, Deputy Shatter, said that approximately 15,000 applications for debt settlement arrangements and personal insolvency arrangements would be applied for each year plus a further 3,000 to...

Other Questions: EU-IMF Programme of Support (3 Dec 2014)

Pearse Doherty: 9. To ask the Minister for Finance if he will provide the main points of discussion he or his officials had with the troika on its most recent visit. [45945/14]

Other Questions: EU-IMF Programme of Support (3 Dec 2014)

Pearse Doherty: The Minister welcomed his old friends the troika back to the capital city in recent weeks. Obviously, the troika is still monitoring us and will do so for some time into the future. Members of the Opposition no longer have the opportunity to engage with the troika during its visits, but it is reported that mortgage debt, housing, water, issues in the wider economy and some of the delayed...