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Public Investment Projects (5 Oct 2011)

Pearse Doherty: Is it envisaged that the €5.7 billion left in the NPRF will be made available to the strategic investment fund? I ask the Minister to enlighten the House as to the remuneration to be paid to the new CEO. Where will the buck stop in regard to NewERA and the strategic investment fund? Given that it is currently located in the NTMA, will the buck stop with the Minister?

Public Investment Projects (5 Oct 2011)

Pearse Doherty: I asked about the €5.7 billion in the NPRF.

Fiscal Policy (5 Oct 2011)

Pearse Doherty: I thank the Minister for his reply. To be clear, has anyone in the Department, the Central Bank or the NTMA looked at the possibility of the collapse of the euro? Obviously, it is something we would not like to see happen as it would have devastating consequences for the Irish economy. I assume, given the level of debate among many economists throughout the world who do not have a vested...

Fiscal Policy (5 Oct 2011)

Pearse Doherty: I take it from the Minister's response that these matters have been examined. Could he satisfy me that there is a plan sitting on a desk somewhere that would protect Irish interests if we were to see a scenario unfold such as I have outlined where the euro would collapse or this country, for example, could be pushed out of the euro or we could have a two-pronged euro with a stronger euro in...

Tax Code (5 Oct 2011)

Pearse Doherty: I add my voice in support of the Irish charities, with their proposals on lowering the threshold to €100 and also some type of compensation fund scheme to reimburse a portion of the fundraising that has been lost to VAT. The latter is something I remember raising in the Seanad. It is not right that people who raise money to buy a piece of equipment for a hospital then must pay VAT on it,...

Public Service Pay (5 Oct 2011)

Pearse Doherty: I am glad Deputy Keating is advocating Sinn Féin policy. Perhaps he is considering changing his party once more. The Minister said changes will be made to future pensions, lump sums and bonuses. When he and the Minister, Deputy Burton, were on this side of the House, they argued in favour of a special charge on bankers' bonuses. Bankers are legally entitled to such bonuses, but they...

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: On a point of order, is it possible to amend the order to allow Members to share time?

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: Can the Minister propose a change to the order?

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: As outlined by Deputy Adams, the Minister's approach to the eurozone crisis, and that of his EU counterparts, is clearly failing on many levels. While the Minister has argued and will argue otherwise, on his watch Ireland has been demoted to junk status. On his watch, thousands more people have become unemployed. On his watch, tens of thousands of young people have left this State, and on...

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: The Government got lucky on the interest rate. There is a litany of replies to parliamentary questions and statements made in the House which referred to a rate of 1% and then the acceptance of one of 0.6%. The Minister may have argued in favour of a cost of borrowing, but he got lucky. The reduction in the interest rate did not come about as a result of his negotiating skills; it happened...

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: The interest rate reduction is welcome and we welcomed it on the day it was announced. The Minister has said a great deal, but I am still at a loss. Does he see himself as an equal-----

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: I am asking a question. Does the Minister see himself as an equal partner in ECOFIN? Has he, for example, outlined the four steps he believes we should take in order to resolve the crisis in the eurozone? He continually comes before the House and refers to resolving the Greek crisis and outlines the Government's agenda to ensure there will be no negative impact on Ireland. I would like...

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: That is the question. My second question relates to the bank stress tests. The Minister has stated there is no need for any new stress tests. Is he of the view that the stress tests carried out in June were credible? In recent days there have been problems involving Dexia Bank and a number of French banks have been downgraded since the stress tests were carried out. Does the Minister...

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: What is the position on recapitalisation and the stress tests?

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: They gave us the cheap credit.

Recent Developments in the Eurozone: Statements (5 Oct 2011)

Pearse Doherty: In the finance committee the Minister responded to a question on fiscal integration by saying he would support greater fiscal integration. He mentioned how he would like that and the six pack of measures are on the table. What other measures would the Minister like to see with regard to greater fiscal integration and will any of those require a treaty change? For example, last night...

Written Answers — Credit Union Regulation: Credit Union Regulation (5 Oct 2011)

Pearse Doherty: Question 20: To ask the Minister for Finance the criteria currently being used by the Financial Regulator in imposing restrictions on the individual and general lending capacity of credit unions; if in view of this information his views that these restrictions are being applied fairly and consistently; and if he believes this process to be adequately transparent. [27654/11]

Written Answers — Credit Union Regulation: Credit Union Regulation (5 Oct 2011)

Pearse Doherty: Question 41: To ask the Minister for Finance if his attention has been drawn to the restrictions being placed by the Financial Regulator on the general and individual lending capacity of credit unions across the country; his views on these restrictions; if he views these restrictions as having a negative impact on the viability of individual credit unions and overall consumer spending....

Written Answers — State Banking Sector: State Banking Sector (5 Oct 2011)

Pearse Doherty: Question 59: To ask the Minister for Finance the steps he has taken to impose burden sharing on the guaranteed Anglo Irish Bank senior bond, MTN No. 339A, which is due to mature on 2 November 2011 at a cost of €703,900,000; if he will indicate whether he has considered instructing Anglo Irish Bank not to pay this bondholder; and if he will make a statement on the matter. [27957/11]

Written Answers — Higher Education Grants: Higher Education Grants (5 Oct 2011)

Pearse Doherty: Question 95: To ask the Minister for Education and Skills the acceptable documents that are required by vocational education committees to satisfy the proof of residency condition for a student applying for a maintenance grant; and if he will make a statement on the matter. [27734/11]

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