Results 14,001-14,020 of 16,537 for speaker:Brian Lenihan Jnr
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Let us see what Professor Honohan said about this.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: He said: Closure of all, or a large part, of the banking system would have entailed a catastrophic immediate and sustained economy-wide disruption involving very significant, albeit extremely difficult to quantify, social costs, reflecting in particular the fundamental function of the payments system in a modern economy. These costs would have been broad-based in terms of income, employment...
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Let us be clear about what Professor Honohan also said.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: He said that a disorderly failure of Anglo Irish Bank would have brought down the whole banking system, with devastating consequences for the economy. Professor Honohan then concluded: "[T]he systemic importance of Anglo Irish Bank at that time cannot seriously be disputed."
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Two weeks ago, Deputy Burton said that only a fool-----
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: -----would view Anglo Irish Bank as being of systemic importance.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: I take it, by inference, that she views the Governor of the Central Bank as a fool.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Here is the difficulty that the Irish Government faces in addressing these issues. We have the constant repetition-----
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: -----of economic nonsense from some quarters in this House.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: This type of pre-crisis politics just will not wash any more.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: If we have learned anything from this crisis-----
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: -----it is that short-term, populist politics does not serve the common good.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: We are all talking about the need for change in political culture. I quite agree.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: However, I do not believe this stricture applies to my party alone.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Politicians across all parties need to learn to say "No". We cannot go on with a situation in which parties are susceptible to every vested interest that drives by the gates of Leinster House or sets up camp in Buswell's.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: The Government has accepted the findings of the Regling and Watson report that these expenditures should have been discontinued earlier. They were introduced by successive Governments-----
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: -----and it is clear that the tax expenditures contributed to the property bubble. However, the truth is that the love affair with tax incentives continues. As recently as last February, Deputy Bruton, during the under-reported Report Stage of the Finance Bill, tabled an amendment which proposed tax reliefs for general practitioners setting up primary care centres. He did so, I assume, in...
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: Lest I be accused of interfering in internal Fine Gael politics, I will mention that of course Deputy Reilly, a doctor, supported this vigorously.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: This was a request for yet another property-based tax incentive. No matter how the Deputies try to argue their way out of it, that is exactly what it was.
- Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)
Brian Lenihan Jnr: We were in power and we took responsibility, despite the pressure, of rejecting that proposal.