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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: I thank the Minister, that is fair enough.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: I thank the Acting Chairman.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: I have an issue with this amendment. I know we are talking about scenarios where there is enough money in the fund, but imagine a scenario where a bank gets into trouble and the Central Bank needs to provide that fund to them and there is not enough in the fund to cover it. The amendment means that regardless of the state of the Exchequer it has to pay that money within two weeks. I know...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: I understand what the Minister is saying in terms of the risk being small but it is risk the Central Bank is not going to take. Indeed, the bank is willing for that risk to be placed on the shoulders of the taxpayers. That is something with which I cannot agree. It goes against the spirit of the thing, even though what we are discussing does not complete the commitment made to break the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: How will this impact on the other rules in terms of the fiscal treaty? How does it work in the context of expenditure benchmarks and all of those types of rules? For example, if this were to arise this month and there was a call of €500 million that had to be repaid from the Central Fund to the Central Bank because of a payment, what would happen in relation to budgetary arithmetic...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: To-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: This is serious stuff. These are the things that in ten years' time will be the subject of arguments as to why we did not tease them out in greater detail. With respect, there are a lot of amendments on which I will not be passing many remarks. However, this one is important because it is about the State financing banks that have got into trouble. History has taught us that we need to pay...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: In relation to the ECB, I have mentioned that there were conversations and discussions going on, but is this really monetary finance? The Central Bank would get its money back from the fund in any event and it is just a case of who has to put up with the pain until the fund reaches a point where it can pay for any outlays that have been made. The Central Bank has involved itself in some of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: The Attorney General had already approved the legislation with "with the approval of the Minister" in it. The Attorney General's view, I assume, is that it was legal under Irish and European law. The issue here is that the Central Bank does not want to take the risk and the Government has jumped.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: My question is on amendment No. 17. What effect will this directive have on existing insurance companies that do not fall under the new regime? How does the new regime differ from the current regime?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: Does that mean the situation continues exactly as it was?

Order of Business (4 Nov 2015)

Pearse Doherty: I wish to raise the matter of two pieces of legislation. I have asked about the first of these on many occasions. It relates to the release of the 1926 census. The Minister of State, Deputy Deenihan, has promised this and it was promised in the programme for Government. Indeed, on 9 March 2012 it was said that the legislation had been approved by Cabinet. The legislation has not come...

Finance Bill 2015: Second Stage (4 Nov 2015)

Pearse Doherty: For the fifth year in a row we are presented with a regressive budget followed by a regressive Finance Bill. This is the also the fifth year in a row for us to get the big lie, that there is no alternative. When one takes a step back and looks at the Finance Bill in its entirety and asks who benefits the most, the answer is very clear. This is a budget and Finance Bill for the...

Leaders' Questions (5 Nov 2015)

Pearse Doherty: Across the State people woke up this morning to the horrific newspaper reports on our health services. An elderly woman, placed in an all-male ward due to overcrowding in South Tipperary General Hospital, was allegedly subjected to a horrific sexual assault. In another report we read of Dualtagh Donnelly, the father of two who, having cut his arm on a glass door, bled to death while waiting...

Leaders' Questions (5 Nov 2015)

Pearse Doherty: The Minister may not want to hear it but I said on budget night that when he deploys policies like that, this is what we will get. We will get our elderly people on hospital trolleys and people dying in their homes because the emergency service will not get to them within the appropriate time. Does the Minister accept that the Government has failed spectacularly to deal with the crisis in...

Leaders' Questions (5 Nov 2015)

Pearse Doherty: There are more people, too.

Leaders' Questions (5 Nov 2015)

Pearse Doherty: As I said, these are not isolated cases. The individual circumstances are obviously particular to these families, as are the tragedies that unfolded. We all know of different cases. Yesterday, there were more than 400 people on hospital trolleys and this is likely to continue. The Taoiseach's answer to this question yesterday was that things were likely to get worse and that we would hear...

Leaders' Questions (5 Nov 2015)

Pearse Doherty: Why is it not working?

Leaders' Questions (5 Nov 2015)

Pearse Doherty: Some €383 million should have been allocated to the health services.

Leaders' Questions (5 Nov 2015)

Pearse Doherty: We need actions, not words. We need actions, not more commentary.

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