Results 23,141-23,160 of 26,986 for speaker:Richard Boyd Barrett
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: How many of the 174,000 mortgages are residential? Is it 20% of the 174,000 mortgages that are in arrears?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: How many of those are residential?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: Are we saying that 20% of 85,000 are in arrears? A fifth of 85,000 is approximately 17,000, which implies that number is in arrears.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: How much of that is residential?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: It is probably about half.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: I am trying to find out what it costs. Someone said they were not interested in a blanket write-down, but we are. People rightly say the State should demand a write-down of the unsustainable debts that are on the back of the State.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: Is that for residential mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: What we are proposing is to write down to current market values the residential mortgages. Approximately how much would that cost?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: We are interested in keeping roofs over people’s heads.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: It is probably approximately €3 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: Okay. Perhaps it is between €3 billion and €4 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: It is my time to ask questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: The point is that all and sundry are saying that the State would like to write down its debts to sustainable levels in order that the economy can recover when it comes to debts. We apply the same principle to residential mortgages. That would be the easiest way to sort this out. The bank has been provisioned to do that. This gets to the heart of the question of whose interests the public...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: Exactly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Richard Boyd Barrett: Okay, if Mr. MacSharry does not mind, I heard him say those things already. That is not clear at all to me. The 2010 Act states that the public interest duty imposed on directors takes priority over any other directorial duty. That is clear. They have a mandate to vindicate the public interest over any other duty. If the public had any opportunity to instruct them as to what representing...
- European Council Brussels: Statements (19 Dec 2012)
Richard Boyd Barrett: I have two questions.
- European Council Brussels: Statements (19 Dec 2012)
Richard Boyd Barrett: The Acting Chairman should not worry. I will not take as long as Deputy Martin did. The development of the banking union and supervision of the banks by the ECB is being presented as a sort of panacea to which we should look forward. Why is that being presented as some sort of positive development when the ECB, by any reasonable assessment of what has gone on, has an enormous...
- European Council Brussels: Statements (19 Dec 2012)
Richard Boyd Barrett: Our unions are planning on doing something early in the new year. What can the Tánaiste say to them? Is there anything coming out of this summit that offers them anything when the Government's medium-term fiscal outlook indicates that unemployment will go from 14.8% to 13% by the end of 2015. The promise is that we will get a reduction of less than two percentage points in unemployment.
- European Council Brussels: Statements (19 Dec 2012)
Richard Boyd Barrett: What does that offer us?
- European Council Brussels: Statements (19 Dec 2012)
Richard Boyd Barrett: The resulting costs are very clear in Irish society. Despite all the European of the year awards, the backslapping and hugs between leaders at these summits, the Taoiseach is delivering nothing in terms of debt relief and it is becoming increasingly clear that he is not even asking for debt write-downs. We are getting nothing to deal with the unemployment crisis. The Government's own...