Results 2,341-2,360 of 19,445 for speaker:Brian Cowen

Leaders' Questions. (22 Jun 2010)

Brian Cowen: I will mention two facts. In response to the Deputy's question, the first relates to the fact that of course recapitalisation of banks, including the provision of moneys to that bank, has arisen because there were inadequate shareholders' funds to take the losses in those banks. Second, the banking inquiry review confirms that the aforementioned bank unfortunately was of systemic importance...

Leaders' Questions. (22 Jun 2010)

Brian Cowen: I have given the Deputy the answer to the question.

Leaders' Questions. (22 Jun 2010)

Brian Cowen: If I may be allowed, it is clear that when shareholders' funds are not sufficient to meet the losses of a bank and when taxpayers are obliged to intervene to fill those losses, that loss is being taken on by the taxpayer.

Leaders' Questions. (22 Jun 2010)

Brian Cowen: It is clear, in respect of that bank, that this is the situation. It also is clear that the choice was not €22 billion or zero, as the Deputy would have people believe. It was a choice between €22 billion or €42 million or €70 billion.

Leaders' Questions. (22 Jun 2010)

Brian Cowen: No, Deputy. It is not being as smart-alecky as that, because this is too serious an issue.

Leaders' Questions. (22 Jun 2010)

Brian Cowen: What it is about is making sure that one reduces the exposure of the taxpayer to the greatest extent possible. I also make the point that in respect of the investments we have made in Bank of Ireland and Anglo Irish Bank, the Government expects to make money from those investments. Money will be made from those investments.

Leaders' Questions. (22 Jun 2010)

Brian Cowen: In respect of the 1.8 million preference shares-----

Leaders' Questions. (22 Jun 2010)

Brian Cowen: I am sorry?

Leaders' Questions. (22 Jun 2010)

Brian Cowen: In relation to those banks, those investments will have a return. Clearly, Anglo Irish Bank is in a completely different category and that money will not be returned because clearly, the shareholders' funds have been inadequate to meet the losses. If one had even a peremptory understanding of the banking situation, one would understand that.

Order of Business. (22 Jun 2010)

Brian Cowen: It is proposed to take No. 11, motion re referral to joint committee of proposed approval by Dáil Éireann of the Post-Release (Restrictions on Certain Activities) Orders Scheme 2010; No. 21, the Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010 - Order for Report, Report and Final Stages; No. 22, Ombudsman (Amendment) Bill 2008 - Order for Report, Report and Final Stages;...

Order of Business. (22 Jun 2010)

Brian Cowen: We are under considerable time constraints in terms of legislation we need to put through the House. There are other methods and means by which those matters can be raised such as Private Notice Questions, on the Adjournment and in committee hearings. The State Examinations Commission carries out a review each year in respect of errors and issues that have arisen. I very much regret that...

Order of Business. (22 Jun 2010)

Brian Cowen: During the course of the session many Deputies have been asking for the enactment and progression of legislation and as we come towards the end of the session it is unfortunate that a sizeable number of Bills require to be dealt with. I made the point last week, which is something we need to address, namely, that when Bills are referred to committees it is totally in the hands of the...

Order of Business. (22 Jun 2010)

Brian Cowen: On the question of the referendum, the answer is the same as I gave last week. On the question on the Saville inquiry report, I understand we can arrange that for next week. I had indicated that we would do it this week. However, I will arrange it for next week and use this week to get an agreed motion. On the other question,-----

Order of Business. (22 Jun 2010)

Brian Cowen: -----that is next week also.

Order of Business. (16 Jun 2010)

Brian Cowen: I join with Deputies in wishing Lieutenant General Earley well in his retirement. I recently had the privilege of presenting him with the Distinguished Service Medal. I am sure we all agree that he led the Defence Forces in an exemplary fashion and send our best wishes to him and his family.

Order of Business. (16 Jun 2010)

Brian Cowen: I am sorry to disappoint the Deputy. He does not have that information on good authority.

Order of Business. (16 Jun 2010)

Brian Cowen: I simply make the point that the Deputy does not have it on good authority.

Order of Business. (16 Jun 2010)

Brian Cowen: With regard to legislation, the Multi-Units Development Bill was in the Dáil last week. I am not sure whether it will be completed before the end of the session. The Dáil term has been set out since last October. We were due to rise on 8 July. There is much work to be done between now and then and I ask for the co-operation of everyone in the House to achieve it.

Order of Business. (16 Jun 2010)

Brian Cowen: The Bill has not been published. It has been approved for priority drafting. The legislation must be passed before the election can take place, and it is on that we are currently working. A committee is finalising proposals for consideration by Government for inclusion in a White Paper on local government.

Order of Business. (16 Jun 2010)

Brian Cowen: I think it is because they heard Deputy Stagg was here.