Results 1,601-1,620 of 10,977 for speaker:Timmy Dooley

Order of Business (29 Jun 2011)

Timmy Dooley: In light of recent events, is it intended to amend the Broadcasting Acts with a view to providing RTE with voting machines? (Interruptions).

Order of Business (29 Jun 2011)

Timmy Dooley: The Deputy is deflecting the rest of us.

Order of Business (29 Jun 2011)

Timmy Dooley: The Deputy is checking the weather forecast.

Order of Business (29 Jun 2011)

Timmy Dooley: It will be a dull and boring place without the Deputy.

Order of Business (29 Jun 2011)

Timmy Dooley: It must be fun at Fine Gael Parliamentary Party meetings.

Order of Business (29 Jun 2011)

Timmy Dooley: It is not doing much business.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I wish to share my time with Deputy Dara Calleary.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I welcome the opportunity to contribute on this Bill. It is well known that this Bill was initiated in the Seanad by the previous Minister for Finance, the late Brian Lenihan. Therefore, it is effectively the same Fianna Fáil Bill and is almost word for word what was set out then. While I do not want to make a political issue of it, I welcome the fact that the Government continues to deal...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: Not yet. I wish the Government side well in that regard. Like all Members, I would like to see a situation develop where the exposure to the taxpayer is limited to the greatest extent possible. I know people on all sides of the House, and the previous Government, approached this crisis from the viewpoint of bringing about burden sharing, but that was not possible because of the way in...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I accept that. If the Deputy works with me I will try to tease out the issue for him. The ECB set its face against that, which was regrettable. I welcome the continued efforts by the current Government and the Minister for Finance to try to ensure that on the broader level, in terms of the resolution of the financial crisis, pressure will be brought to bear on the ECB to ensure burden...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: On the 99th day in Government he set about keeping the ball in the air by suggesting that burden sharing would be sought by the Government and it would take a strong and proactive approach in Europe. At the same time, he did not face the issue with those who most objected to it, namely, the ECB. It is interesting that although making that suggestion, unsecured and unguaranteed bondholders...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: As Deputy Mathews knows, the ECB is still set against it. While the millions are relatively small in comparison with the requirement in November to settle €1 billion, I wish the Government well in its efforts. Hopefully it can find a resolution to the matter. To remind Deputy Mathews, the Minister, Deputy Leo Varadkar, indicated in the course of the election campaign that not another cent...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I am happy to allow Deputy Mathews make his point.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: Yes, I will hear his point.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: Thank you. I have always recognised the Deputy's consistency on this matter. The only question I raise in my contribution is that while the Deputy set out a clear pattern in advance of the election as to how this might be resolved, his party leadership and the Minister for Finance have not necessarily followed the path set out prior to the election.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I have taken the Deputy's point once and will try to answer it. It has been recognised that the problem is not as easy to solve as was first believed.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: The legislation clearly provides a permanent regime for credit institutions and banks that get into trouble. It is a technical but clearly vital framework to deal with future problems. While it places on a permanent footing a systematic approach to dealing with previously covered troubled financial institutions, it still leaves outstanding the issue of trying to achieve a much broader...

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: -----towards the concept of burden-sharing. Some might argue this would once have constituted default. The voluntary nature of the exercise may allow the language to change slightly so we do not enter the default process which is considered to be very negative from the market's perspective. Over time, euphemisms will be found for "default" and "burden-sharing" that will become more palatable.

Central Bank and Credit Institutions (Resolution) (No.2) Bill 2011: Second Stage (Resumed) (29 Jun 2011)

Timmy Dooley: I doubt the word "bankruptcy" will be the euphemism to deal with it. I am sure that, over time, there will be an accommodation. We discussed on a number of occasions the surmounting of the crisis created by the way in which the Taoiseach entered his first meeting with President Sarkozy as part of his first foray as Taoiseach. There was an interesting tête-À-tête that resulted in the...

Written Answers — Water and Sewerage Schemes: Water and Sewerage Schemes (29 Jun 2011)

Timmy Dooley: Question 162: To ask the Minister for the Environment; Community and Local Government the position regarding the Tubbercurry, Grange and Strandhill waste water treatment plant bundle in County Sligo; when authorisation to proceed with the contract award and commencement of construction stage will be given; and if he will make a statement on the matter. [17824/11]