Results 25,181-25,200 of 26,148 for speaker:Kieran O'Donnell

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: The figures are clear. After being recapitalised to the tune of €3.5 billion, Allied Irish Banks will have a tier 1 capital ratio of 8.5%. The bank had an operating loss of €122 million in 2008 and expects further losses in 2009 and 2010. It will make a bad debt write-off of €1.8 billion for 2008 and there are indications that the figure for 2009 will be between €2.9 billion and...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: If the banks require further funds, where will that funding be found? We cannot borrow the necessary amounts, so the National Pensions Reserve Fund is the only option. Deputy Bruton's proposal is reasonable. Taxpayers will not stand for a situation where more of their money is put into the banks without there being some discussion in the Dáil beforehand. It is as simple as that.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I note that the Minister has stated that he has received the report on executives in the covered institutions. I ask him to make the contents of that report known to the House during Committee Stage. Perhaps we could withdraw this amendment if he let us know exactly what the report stated and we could move on the measure. The public can see €7 billion of their money being invested into...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: How lengthy is the report on remuneration? How many pages?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: This report is critical. It was brought in with the Credit Institutions (Financial Support) Act 2008 and the guarantee scheme. The Minister spoke about 33% for the banks but that percentage comes off a very high base and bears no comparison to a person affected by the pension level, be to 3% or 4%, or with the 1% levy for a person on low income. Deputies are lobbied about that. This...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: When does the Minister propose to bring this remuneration report before the House?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: We tabled a similar amendment, but it does not appear to be on the list of amendments.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Is it? We have not received it.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: What is it reference number?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Okay, my apologies.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I will speak to amendment No. a1. Our amendment is amendment No. a1.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Deputy Kennedy wants us to do the Government's job for it.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: There has not been a single proposal.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: I have been listening carefully.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: We will send our policy document to Deputy Kennedy.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: What about the economic plan?

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: When?

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: The plan will come with the budget.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Will we get the year's monthly projections?

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Where is the economic plan?