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Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)

Richard Boyd Barrett: It is a disaster.

Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)

Richard Boyd Barrett: We have stopped the bubble economy.

Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)

Richard Boyd Barrett: The Deputy would want to work on his maths.

Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)

Richard Boyd Barrett: We are enlightening them.

Economic Growth (18 Apr 2012)

Richard Boyd Barrett: This is very difficult to understand. The Minister seems to be saying that a downgrading of growth projections does not have consequences in terms of likely increased austerity, and he seems to be very sanguine, if one likes, about the downgrading of growth projections. Does the Minister accept that downgrading the growth projections has something to do with the extreme depression in the...

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Question 8: To ask the Minister for Finance the position regarding the ongoing negotiations with the ECB on the repayment schedule of the promissory notes; and if he will make a statement on the matter. [19315/12]

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: On the basis of what the Minister is telling us it is difficult not to see this entire negotiation and the debate around it as a complex accountancy trick to convince people that progress is being made on this issue when, in fact, very little is happening. If I understood correctly, he said we do not have to borrow the €3.1 billion this year but that this will have an effect on our deficit...

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Is the Minister's claim that we can cover the €90 million deficit increase as part of the swings and roundabouts of the budgetary position not slightly disingenuous? He is saying on the one hand that there is no impact and, on the other, that there is an impact but it can be covered. Another way of putting this is that we would have an extra €90 million if this were not done, which...

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Has the Minister even asked this question and has the troika given him an answer?

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: That was done by a discredited Government, which bankrupted the country.

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: How will the Government know unless it asks?

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Should we take a hard line with the ECB?

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Simply do not pay them.

Banks Recapitalisation (18 Apr 2012)

Richard Boyd Barrett: Bring down their banks.

Economic Growth (18 Apr 2012)

Richard Boyd Barrett: The Minister seems to be basing his outlook on a defiance of gravity. At some point, the revising downward of forecasts for growth - such revisions are pretty much universal at present - has an impact on actual growth. The Minister appears to be stating that despite this and an analysis which he says he takes seriously and which projects a reduction in growth - this will eventually...

Economic Growth (18 Apr 2012)

Richard Boyd Barrett: Why then sign a treaty that will prevent us from participating in demand-led initiatives?

Order of Business (18 Apr 2012)

Richard Boyd Barrett: The Taoiseach has stated that there is no question of the privatisation of water. Given that commitment, what legislation will the Government bring forward to insulate the State from the requirements of EU law which necessitate that any revenue-producing monopoly must be subject to EU rules of competition and, therefore, deregulation and privatisation?

Order of Business (18 Apr 2012)

Richard Boyd Barrett: Sorry, this is about legislation.

Order of Business (18 Apr 2012)

Richard Boyd Barrett: It is. The Taoiseach has stated there is no question of privatisation. I am pointing out to him-----

Order of Business (18 Apr 2012)

Richard Boyd Barrett: -----that EU law requires that once a revenue-producing monopoly-----

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