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Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: Please allow me to finish.

Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: I am entitled to answer without interruption.

Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: There is no point.

Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: The situation then regarding the other matter is due diligence took place, corporate governance issues arose and a nationalisation subsequently took place. Had nationalisation taken place on the night in question, according to the Honohan report, there would have been no further cost involved in that and one would still have had to give a guarantee because there was still a systemic threat....

Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: No, it is not because the guarantee we gave on that night was the right guarantee for that purpose. The Deputy can argue about it every way she likes but that was the situation. That was our judgment and final assessment of the situation. That is where it is at. It has been stated subsequently, whatever one says about subordinated debt, that this was the issue. This debt was discounted,...

Termination of Ministerial Appointment: Announcement by Taoiseach (19 Jan 2011)

Brian Cowen: Those are the facts. That is the situation and I refer to those reports in that respect.

Official Engagements (19 Jan 2011)

Brian Cowen: I propose to take Questions Nos. 1 to 7, inclusive, together. I attended the December meeting of the European Council in Brussels on 16 and 17 December. As I will make a statement to the House later, I will confine myself to a summary account of the proceedings. The agenda of the Council was dominated by economic issues. The Heads of State and Government agreed that the EU treaties should...

Official Engagements (19 Jan 2011)

Brian Cowen: The Deputy will be aware that advices from the Attorney General are not available to anyone other than members of the Government but the basic point behind the wording is no transfer of competence will take place under this proposal and that has always been seen as the threshold of requirement in terms of whether a referendum is required based on the Crotty judgments. With regard to President...

Official Engagements (19 Jan 2011)

Brian Cowen: First, I do not have a draft of the text of the conclusions with me but I will ask that our people pick up on the technical drafting issue raised by Deputy Gilmore. We will provide an answer to him on that having got the text. From memory, I cannot recall the issue raised by him. The second point raised by Deputy Gilmore relates to the Attorney General's advice. The normal approach is that...

Official Engagements (19 Jan 2011)

Brian Cowen: I know what point the Deputy is making now. I am sorry. I thought he was talking about general conclusions. I did not pick up on the point. He is talking about the proposed amendment itself.

Official Engagements (19 Jan 2011)

Brian Cowen: I am sorry. The proposed amendment states: The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism would be made subject to strict conditionality. As Deputy Gilmore indicated, a strong political view is held...

Official Engagements (19 Jan 2011)

Brian Cowen: The third matter, the question of the ETA development, was not discussed at the European Council. One welcomes any improvement in respect of that situation. We hope it leads to a process that will bring a permanent outcome appropriate for the situation there. The Spanish Government has definite views on the matter regardless of the political composition of such governments. It is a matter...

Official Engagements (19 Jan 2011)

Brian Cowen: This issue did not come up at the European Council. It is a matter for the Minister for Enterprise, Trade and Innovation to respond on where exactly that dossier is at present. As a general point, the competitiveness of the European economy is being challenged seriously by other growth areas in the world. International investment patterns are changing and prospective, sustainable growth...

Official Engagements (19 Jan 2011)

Brian Cowen: It is a matter for the Whips but I would welcome a discussion in the House. That would be beneficial and it would help the House to come to a common conclusion.

Official Engagements (19 Jan 2011)

Brian Cowen: I guarantee Deputy Eamon Gilmore that when the campaign is over he will be very tired. He need not worry about it.

Official Engagements (19 Jan 2011)

Brian Cowen: Deputy Gilmore should not worry about it. He should build up his strength because he will be very tired by the time this is all over.

Official Engagements (19 Jan 2011)

Brian Cowen: He has gone paranoid at this stage for a man in a handy position. He must be feeling the heat.

Official Engagements (19 Jan 2011)

Brian Cowen: There are three furlongs to go and Deputy Gilmore is running out of juice. He cannot get out there quick enough.

Official Engagements (19 Jan 2011)

Brian Cowen: A major concession by the Deputy.

Official Engagements (19 Jan 2011)

Brian Cowen: I thank the Deputy for the first representation I have received in my second tenure as Minister for Foreign Affairs.

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