Results 23,861-23,880 of 26,097 for speaker:Kieran O'Donnell
- Economic Strategy: Motion (Resumed) (30 Sep 2010)
Kieran O'Donnell: Does the Deputy think that 6.57% is good?
- Economic Strategy: Motion (Resumed) (30 Sep 2010)
Kieran O'Donnell: If our approach had been taken, there would have been a good bank out of AIB rather than 90% of it being nationalised today.
- Economic Strategy: Motion (Resumed) (30 Sep 2010)
Kieran O'Donnell: That has come at a cost of â¬7.2 billion of taxpayers' money.
- Economic Strategy: Motion (Resumed) (30 Sep 2010)
Kieran O'Donnell: I also commend Deputy Bruton for tabling this motion. My colleagues have touched on many of the areas but I want to zone in on one term, namely, "credibility". We have Government spokespersons and Deputies coming out and continually saying that the Opposition is making soundings without any content. I want to consider this in the cold light of day. Why are we here at this particular point...
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: It is not lending.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: Nothing like Ireland.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: We are the worst example.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: And the lack of proper regulation.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: And lack of proper regulation.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: Not a blanket guarantee.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: I want to address a number of points made by the Minister. His speech was basically about policy and mine will be in the same vein. One must look at this matter in a number of ways. The property bubble was clearly caused by reckless lending from the banks but it was also associated with a lack of proper regulation of the banks. If regulation is not applied consistently, certain people in...
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)
Kieran O'Donnell: The problem is that circumstances have become worse in those two years. Anglo Irish Bank requires up to â¬34 billion, certainly â¬30 billion. AIB now requires â¬10.4 billion. An extra â¬3 billion has been put into AIB today, which is the equivalent of the minimum amount of cuts to be made in the forthcoming budget. There is a disconnect between the Government and the public and this...
- Bank Guarantee Scheme (30 Sep 2010)
Kieran O'Donnell: Does the Minister anticipate that the ELG scheme will be extended to 31 March 2011? Does he further anticipate that the recover element of Anglo Irish Bank will be involved in discussions with the senior bondholders in the context of a mutually beneficial arrangement with regard to the â¬4 billion in senior debt that was not guaranteed?
- Bank Guarantee Scheme (30 Sep 2010)
Kieran O'Donnell: That is a change in policy.
- Bank Guarantee Scheme (30 Sep 2010)
Kieran O'Donnell: It is a change.
- Bank Guarantee Scheme (30 Sep 2010)
Kieran O'Donnell: That was all we were proposing.
- Bank Guarantee Scheme (30 Sep 2010)
Kieran O'Donnell: That was never the case.
- Banking Sector Regulation (30 Sep 2010)
Kieran O'Donnell: Does the Minister agree that AIB and Bank of Ireland appear to be more concerned with rebuilding their balance sheets than providing credit to the small and medium-sized enterprise, SME, sector? We hear of countless businesses having their overdraft and working capital facilities reduced. There is an old saying in business, "Cash is king". A profitable business without cash flow will...
- Banking Sector Regulation (30 Sep 2010)
Kieran O'Donnell: What was the logic behind that decision?
- National Pensions Reserve Fund (30 Sep 2010)
Kieran O'Donnell: What will be final investment by the NPRF in the banks? Does the Minister anticipate the bond yields will reduce in the next month? At what point would the Minister consider going for a bond auction if yields fell below a certain level?