Results 1,101-1,120 of 27,019 for speaker:Michael Noonan

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: They are still in government and their leader yesterday explained how war weary he is, how difficult it was with sleepless nights, living in an asylum-----

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: -----and being under constant criticism and in no-win situations.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: The Minister for Finance has a role but I do not think he is the piano player.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: If I can continue the image, Deputies will remember the sign in the western saloons, "Don't shoot the piano player, he is doing his best". Some of us may agree with that but in the past fortnight we are wondering if the Minister is doing his best because he did not share events with his colleagues. Be that as it may, it was an appalling shock for everyone in this country to realise there was...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: That is not what they are saying. This was a bad deal because it did not have the authority of the Government behind it.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: There was some kind of a write-off at the end but it does not seem the Ministers were kept informed, step-by-step.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: The deal is interesting, with some €85 billion available, €50 billion of which is for financing the day-to-day needs of Departments as described by the Minister in his introductory remarks. The profile of the three budgets to come does not add up to €50 billion but I presume there is an element of refinancing contained in the €50 billion sum as it is rolled over and refinanced. Some...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: Yes, at present, but very soon it will no longer be a licensed bank.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: I ask the Minister to set out in so far as he can in the question and answer session what restructuring will take place of the banks. This started with the banks. It was all about the banks and suddenly there is nothing about the banks. We were promised great restructuring a couple of weeks ago but there has been no announcement. We do not know exactly what is going to happen.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: There is a chicken in every pot, in time for the general election.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Michael Noonan: When the Governor of the Central Bank was explaining the new structures for Anglo Irish Bank the other morning I did not quite follow him. Perhaps the Minister could explain it to the House.

Written Answers — Alternative Farm Enterprises: Alternative Farm Enterprises (1 Dec 2010)

Michael Noonan: Question 35: To ask the Minister for Agriculture, Fisheries and Food the plans in place to deliver a strategy developing an agri-renewable industry; and if he will make a statement on the matter. [45305/10]

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: This is the budget of a puppet Government, which is doing what it has been told to do by the IMF, the EU Commission and the European Central Bank. It is doing so in order that the State can draw down the bailout funds now that the country is insolvent. This budget is in an ironic way a fitting tribute to this failed Administration. Fianna Fáil, like the Bourbons, has learned nothing and...

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: Consequently, its slash and burn policies were counter-productive and it failed to include measures to grow the economy and to protect and create jobs. The Minister has fallen into the same trap today - there is not a single progressive idea in the budget to support job creation or to get our economy growing again.

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: On fiscal correction, the intentions of the Minister for Finance, Deputy Brian Lenihan, were sound but his policies were woefully misguided, so the more he did the worse it got. Then some months ago the country became insolvent, or to put it bluntly, we went bust. The misguided budgetary policy would not on its own, however, have destroyed the country. The destruction of the county is due...

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: Think of the fatal ignoring of the principle of moral hazard, so that although shareholders were wiped out and those who borrowed recklessly were punished, those who lent recklessly were not punished but had their losses underpinned by the taxpayer. How could anyone have confidence in an Irish banking system underpinned by this set of policies promoted by the Minister and his colleagues in...

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: The current budget deficit has shot up to 32% of GDP and the Government can no longer borrow. That is why it is out of the bond market because if it went to it, it could not borrow any longer. Ireland has become insolvent and that is why we have to be rescued by Europe and the IMF.

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: In case anybody on the Front Benches or the backbenches thinks that this happened by accident, it did not; it is a direct result of the Minister's banking policies, which we pointed out to him, when he promoted them in the House, would not work. We pointed out that they would cause extra trouble and they have caused it now and that is how we find ourselves where we are. I wonder do members...

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: I felt ashamed when I read the obsequious letters of the Minister for Finance when applying for assistance to Messrs. Juncker, Reynders, Rehn, and Trichet and separately to Mr. Strauss-Kahn of the IMF. The first two sentences in both of the Minister's letters reads as follows: Ireland faces an economic crisis without parallel in its recent history. The problems of low growth, doubt about...

Budget Statement 2011 (7 Dec 2010)

Michael Noonan: If it was not so serious, it would be funny. When one reads the letters, they sound like confessions beaten out of him, as if one were reading a thriller. It is as if they water-boarded the Minister in Merrion Street and made him sign the letters, or perhaps they were motivated by the mock humility of the gombeen culture to think that he would get the €85 million more easily if it was a...