Results 25,221-25,240 of 26,148 for speaker:Kieran O'Donnell

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Let us hear Deputy Kennedy's ideas.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Let Members hear those ideas.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: What are Deputy Kennedy's personal views?

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: It would not be in the national interest to vote for Fianna Fáil.

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: Will the Government do the same with AIB and Bank of Ireland?

Public Finances: Motion (3 Mar 2009)

Kieran O'Donnell: What is Deputy Kennedy's point?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: No, our solution requires the setting up of good banks. Is the Minister saying he regards the level of bad debt in the banks to be in the region of €15 billion? What exactly is the Minister saying? This is about finding something the markets will believe in, in respect of the banks, their solvency and dealing with bad debts. The Minister may disagree with the model Fine Gael proposed...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: That is incorrect. The point is that they may not be able to repay it in terms of liquidity and solvency ratios. It is not punitive at all. In fact, they should pay more.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: I move amendment No. 1: To delete all words after "That" and substitute the following: "Dáil Éireann declines to give this Bill a Second Reading because: I. the Government's recapitalisation strategy for AIB and Bank of Ireland has already been dismissed by the financial markets as lacking in credibility, II. the Government has refused to provide an assessment of the superior 'Good Bank'...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: Ultimately, the purpose of the scheme to recapitalise Bank of Ireland and AIB through the National Pensions Reserve Fund must be to enable those banks to restore credit lines for small businesses, first-time buyers and others. Fine Gael is of the view that, for various reasons, this legislation will not succeed in that objective.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: We support recapitalisation but in a different form. This House is charged with ensuring value for taxpayers' money. The Bill facilitates the allocation of €3.5 billion to both AIB and Bank of Ireland. To compare, the pension levy will yield €1.4 billion in a year, according to the Minister's figure, and the income levy will provide €2 billion. The Taoiseach indicated in the House...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: The bad bank would function as a debt collection agency rather than a functioning bank.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: It would be funded in terms of what is required to wind the parent bank down. It would engage in no new commercial lending.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)

Kieran O'Donnell: It would be funded so as to enable it to meet its requirements in terms of being solvent. It would no longer be operating as a commercial bank in the markets. The bad bank would effectively function as a debt collection agency, while allowing the new, good, bank to function. The problem is that the international markets do no accept that €7 billion is sufficient funding for AIB and Bank...

Financial Emergency Measures in the Public Interest Bill 2009: Committee Stage (Resumed) and Remaining Stages (25 Feb 2009)

Kieran O'Donnell: It shows their priorities.

Banking System: Motion (25 Feb 2009)

Kieran O'Donnell: I propose to share time with Deputies Varadkar, Reilly, O'Mahony, Breen and Clune.

Banking System: Motion (25 Feb 2009)

Kieran O'Donnell: Far from playing politics, Fine Gael has taken a position. Ireland is probably experiencing its most difficult financial, economic and political problem in our lifetime. The problem is that the Government is engaging in paralysis. We are getting only soundbites and no action.

Banking System: Motion (25 Feb 2009)

Kieran O'Donnell: We have yet to see a five-year plan for the economy. There were discussions with the social partners for a number of months, yet the Government produced the document on pensions at the very last minute. That is no way to run a Government.

Banking System: Motion (25 Feb 2009)

Kieran O'Donnell: The purpose of our motion is to get the banking and regulatory systems on a proper footing. A couple of things have disturbed me this evening. I see that Bank of Ireland has appointed Mr. Richie Boucher as its CEO, which is an internal appointment. We do not know of any cap on his salary. We propose external appointments, which do not send out the wrong signal, although this is nothing...

Banking System: Motion (25 Feb 2009)

Kieran O'Donnell: If the 8% cannot be paid, it can be rolled into ordinary shares. Once again, the Deputy is playing with the facts. It has been disclosed this evening that the Financial Regulator is assisting the Garda Síochána in its investigations and certain matters involving Anglo Irish Bank have been referred by the regulator to the Garda. This is now in the public domain. If these matters are being...