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Irish Banking: Statements (18 Nov 2010)

Michael Noonan: I have four questions initially. Will the Minister state the protections available to Irish depositors? The statutory guarantee is limited to €100,000. Does the guarantee re-enacted in the House yesterday provide a guarantee to depositors of an unlimited nature? Will the Minister set this out because people are concerned? The Minister has a strong legal background and has acknowledged...

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: But the Minister will sign off on them.

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: The Minister will recall that at the end of the Greek process, there was a detailed Memorandum of Understanding, which enshrined all the decisions, and this was published. Does he envisage a similar conclusion in Ireland?

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: When the negotiations between the Greeks and the European institutions concluded, all the decisions were enshrined in a very detailed Memorandum of Understanding, which is available in the Oireachtas Library. Will there be a similar conclusion in Ireland?

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: I presume there will be agreement on something.

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: I am simply asking what is the mechanism for letting the public know what has been agreed.

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: I presume something will be agreed.

Irish Banking: Statements (18 Nov 2010)

Michael Noonan: I am inquiring about the mechanism for letting the public know what has been agreed.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: Has the announcement by the Green Party caused difficulties in this respect? I have heard that it has.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: I am asking a separate question.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: Sunday night must have been the worst night for any Irish Cabinet since the Civil War. It was an appalling situation where, after running our own affairs for so many years, the Minister for Finance had to go and plead with our colleagues in Europe to come to the assistance of this country. Nobody on this side of the House had any part to play in the conditions which developed which required...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: I withdraw it. They made a series of untruthful statements through their teeth.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: It was an expression that people would understand. I cannot understand the actions of the Green Party Members. What they have done to the coalition Government was outrageous at a time when credibility and certainty were required and Members on this side of the House were walking on eggshells in case we got the Cabinet and the country into further difficulty.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: They marched down the road to make their daft announcement. I was in Governments which broke up. I was a Member of a coalition Government in the 1980s with the Labour Party and Garret FitzGerald as Taoiseach. For policy reasons, the Labour Party found it could no longer continue but the issue was discussed openly among colleagues who were friendly with each other and arrangements were made...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: They have no confidence in the Government but they want to hang around for another two months. They issued the daftest press statement I ever read from a Minister. It stated that the Irish people were misled and betrayed. They were not misled and betrayed by Fine Gael, the Labour Party or Sinn Féin. The Members from Sinn Féin are too busy in County Donegal to mislead or betray anybody.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: Deputy Ó Snodaigh embarrassed his mother's people in Newcastle West.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: Who misled and betrayed the people? The Minister for Justice and Law Reform, Deputy Dermot Ahern, the Minister for Transport, Deputy Noel Dempsey, and the Minister for Tourism, Culture and Sport, Deputy Mary Hanafin, did not know about it. We are getting down to a very short list of misleaders and betrayers. It seems to me they must have been referring to the Minister for Finance and the...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: How big is the fund and how will it break down? How much will be used to replace the money we would otherwise draw from the bond market to close the €19 billion gap in the running costs of the country? Will it be used over three or four years and is it expected that we will return to the bond market? How much will be needed for additional capitalisation of the banks? What about the kind...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Michael Noonan: Even if the Minister told us that and told us what the negotiating position is, it would help. Talking about negotiating positions, who are the negotiators? The Minister for Finance has primary responsibility but is it solely officials from his Department or is he assisted by people from the regulator's office and the Central Bank? Is he bringing in consultants and are there any outside...

Corporation Tax Rate: Motion (23 Nov 2010)

Michael Noonan: I move: That Dáil Éireann confirm its commitment to the maintenance of the 12.5% rate of corporation tax as an indispensable tool for growth, job creation and economic recovery. With the permission of the House I will share time with Deputies Clune, Creed, Mitchell, McEntee and Bannon.

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