Results 1,021-1,040 of 27,019 for speaker:Michael Noonan
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Question 46: To ask the Minister for Finance when he became aware that a budgetary adjustment of â¬7.5 billion in the next four budgets was insufficient to restore confidence in the bond markets; and if he will make a statement on the matter. [41891/10]
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Until approximately five weeks ago, the Minister was holding to the â¬7.5 billion correction. Then, like a thunder clap, it jumped to â¬15 billion. He is now telling us for the first time he saw the emerging trends over the summer and was coming around to forming a firm opinion when the CSO figures became available in September. Did it ever strike him that he should have shared this...
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Does the Minister recall the infamous meeting in Galway, which I believe is in the annals of political history for reasons other than those to which I refer? On his arrival in Galway, the Minister said he believed the correction of â¬3 billion, bringing the figure of â¬7.5 billion to more than â¬11 billion, was a minimum. It now transpires the Minister was forming a view at that time...
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Yes. We found out yesterday that it is no longer a given but another moveable feast. It was presented to us as an absolute certainty yesterday that the correction over four years would be â¬15 billion. We have been working on this information. Furthermore, there was an attempt to browbeat the Opposition into agreeing to the figure. We met the Commissioner yesterday and he said new...
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: We will know the Commission's estimate of Irish growth on 29 November and we will not have to look at the runes or body language. The Minister's officials told me and my colleagues categorically that the correction they were seeking was â¬7 billion for 2011. That can be supported by the briefing they gave to other parties, who were briefed separately. The officials withdrew that figure...
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: It is not sensitive. The Minister should not stand up here and lie about my position.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: That is not correct.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: I did not.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: The told me categorically what was the adjustment.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: The Minister behaved disgracefully. He interfered-----
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: I am speaking to the Minister.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Who authorised the press statement?
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Who authorised the press statement that rebutted my view? It was the Minister, not the Secretary General.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: He did.
- Budgetary Outlook (10 Nov 2010)
Michael Noonan: Who wrote the press statement? Who authorised it? It was the Minister.
- Fiscal Policy (10 Nov 2010)
Michael Noonan: Question 48: To ask the Minister for Finance the discussions he has had with representatives of the European Central Bank with a view to an agreement that the bank will buy Irish bonds when the country re-enters the market in the new year; and if he will make a statement on the matter. [41892/10]
- Fiscal Policy (10 Nov 2010)
Michael Noonan: I thank the Minister for his reply. Some of the statistics, as he said, are very interesting. Could the Minister outline the strategy which he has and which I presume he has discussed with his Department and the NTMA for getting Ireland back into the bond markets in the new year?
- Fiscal Policy (10 Nov 2010)
Michael Noonan: That is the background, of which we are all aware. When Christmas passes and we are in the new year and a decision is made to go back into the markets in middle to late January or early February, what is the strategy, if the Minister has one, to re-enter the markets with safety and a feeling of confidence that whatever is offered will be taken up at reasonable prices?
- Fiscal Policy (10 Nov 2010)
Michael Noonan: Did the Minister check the basement?
- Departmental Staff (10 Nov 2010)
Michael Noonan: The Minister's reply was interesting. Normally, the distribution of grades in a Department is a pyramid when graphed. The Minister's Department seems to be more of a cylinder. If it was an Army unit, the Minister would be accused of having far too many officers and too few soldiers. Are there staff in the Department who have been seconded from the private financial sector? If so, how...