Results 17,501-17,520 of 19,445 for speaker:Brian Cowen

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: In respect of the guarantee that the Labour Party opposed——

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: It opposed it today. The Deputy should not be trying to suggest, as he is, that it was the scope of the guarantee the Labour Party was against, even though none of the subordinated debt was called upon and much of it, incidentally, was discounted during the time it was in play anyway. However, Deputy Gilmore is now trying to be Mr. Responsible. He is playing the old populist game again by...

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: No, I do not.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: The problem I have with Deputy Gilmore is that he questions the bona fides of this Government at all times. He suggests that it brought forward——

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: No, he did not. He stated that we brought forward a glossy strategy and that while he hoped it was there, he did not know what was its basis. It is based on the policies of the IDA and Enterprise Ireland. Consequently, if he wishes to question the ability of Frank Ryan and Barry O'Leary to deliver, he should say so openly because that is the basis on which those figures are geared and have...

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: As for the other point, my point about the guarantee is that Deputy Gilmore proposes setting up a new bank but is not prepared to back a guarantee that keeps deposits in our existing banks and keeps a funding mechanism for the banks we have. Instead he wants to start another bank. Where is the consistency in his approach?

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: He wishes to play it both ways all the time.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: The bottom line is that the entire purpose of the State guarantee that Members will discuss and hopefully will approve this evening is on the recommendation of the Governor of the Central Bank.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: However, according to Deputy Gilmore, he is wrong and Deputy Gilmore is right. The Labour Party is right and he is wrong.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: Moreover, in respect of setting up a new bank, Deputy Gilmore suggests taking €2 billion from the pension reserve fund and leveraging €20 billion from somewhere, wherever it would come from. Obviously, it would be coming from the funding base of the two existing banks. This evening, Members will attempt to make sure that we have a banking system that I acknowledge requires improvement...

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: Any meetings I had were to talk about what is being done and consider whether the agencies have other ideas that we could modify and bring forward. Those ideas are being considered at present. It is often forgotten that FÁS is also an employment service organisation. Some 62,000 people will be taking up employment as a result of jobs advertised through that agency alone, quite apart from...

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: As I said to Deputy Ó Caoláin, the issue is that there are a number of practical steps being taken in a range of areas to assist businesses and assist in the creation of jobs, quite apart from the macro-economic imperative of getting our public finances in order. There are significant funds available. With regard to developing the tourism product, the allocations have been trebled. Over...

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: Let me explain. The unemployment figure is down 25,000 on last month, much of it due to the take-up of back to education and other allowances.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: I know it does. However, even the seasonally adjusted figure shows a decrease. Deputy Gilmore did not ask about the figure this month even though he asked about it every other month. That is probably an omission on his part, he may ask about it tomorrow.

Cabinet Committee on Economic Renewal (29 Sep 2010)

Brian Cowen: I will be here for Deputy Gilmore any day. The point is that it must be recognised that everything we can possibly do in this area we are doing and will do. We will listen to constructive proposals, but they must be within the budgetary realities we are all operating under.

Order of Business (29 Sep 2010)

Brian Cowen: It is proposed to take No. 12, motion re ministerial rota for parliamentary questions; No. 13, motion re by-election for Dublin South; No. 14, motion re by-election for Waterford; No. 15, motion re by-election for Donegal South-West; and No. 16, motion re proposed approval by Dáil Éireann of the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee)...

Order of Business (29 Sep 2010)

Brian Cowen: The Deputy should respect the Chair.

Order of Business (29 Sep 2010)

Brian Cowen: I reject all of Deputy Ó Caoláin's assertions made against the good faith of the Government in relation to dealing with these matters. They are totally without foundation. The situation——

Order of Business (29 Sep 2010)

Brian Cowen: The guarantee period expires tonight. On the recommendation of the Governor of the Central Bank we want to renew that guarantee. We are seeking to put it forward for renewal tonight as it must be confirmed tonight. Attracting funding remains difficult for banks, not least in light of stress on sovereign debt markets. The Governor of the Central Bank has recommended extension of the...

Order of Business (29 Sep 2010)

Brian Cowen: ——has had to deal with recapitalisation of the banks.