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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: There is an ECOFIN meeting next Tuesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: We have to get it on the agenda.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: Yes. I am going to say that the opening-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: This is a question. Will the Minister ask his ECOFIN colleagues next Tuesday to consider that the debt is unsustainable in this country, that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: Hold on. I want to go through my list.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: I am saying that the Bank of Ireland, for instance-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: I thank the Minister.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: I will put my second question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: Will the Minister explain to the ECOFIN people that the capitalisation of our banks could be inadequate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: The reason I am asking that question relates to what was said last Tuesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Peter Mathews: The Bank of Ireland told us that its loan book is €105 billion and its provisions are €7 billion. That is insufficient.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: I have a couple of general points to raise. I understand the desire of the drinks industry not to be the subject of further tax increases. However, I am confused to hear that the consumption of alcohol is down by 20% in less than ten years. I refer to a recent report which said the very opposite by stating that in the period 1970 to 1990, there was a doubling of alcohol consumption and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: Could it be that many of the people who emigrated, who are single and do not have a family, were heavy drinkers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: Those aspects are a bit depressing. I want to deal with the nub of the issue which is the marketing, advertising and merchandising of alcohol. The quid pro quo is that if the industry wants a stay on any further taxation on alcohol, it should be the promoter rather than the Government or Members of the Oireachtas who seeks containment of merchandising and advertising. In my view, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: I apologise for interrupting, but rugby is Heineken now. A Heineken can equals a rugby ball visually, and it is also on the jerseys. It is the same with regard to Bulmers and Guinness with Arthur's day. Arthur Guinness, the man who discovered the drink and made it, did not drink. Do the consumers know that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: There is advert for Budweiser with three buddies which is currently on the screens. The three buddies are going around and it is so cool, I feel tempted to go out and get a bottle of Budweiser.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: The fact that everyone is laughing means I have hit the button. I have actually hit the nerve. I suggest the witnesses think about it. They should be brave and help us to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: I do not have drink taken.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: An addiction tax.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Peter Mathews: We have moved from alcohol to cigarettes. Advertising on the packaging indicates such products damage health and there are now pictures to illustrate that. People from the tobacco industry indicated that the volume of cigarettes sold illegally for consumption is now huge. Do the witnesses have updated figures? From every ten cigarettes smoked, how many are smuggled and how many are bought...

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