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Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: That is what the Minister stated.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: Deputy Costello's own colleague stated that the Labour Party's proposal at the time would have been worse than any guarantee.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: That is what the Minister stated.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The Labour Party does not want to hear that. We all acknowledge, on this side of the House as well, that the information given to the Minister and the Government then was flawed. The banks told mistruths, if I am allowed to say that in this House-----

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: -----about the scale of the problem and the scale of the losses. There is no question about that. That is accepted. With the benefit of hindsight, there have been a number of official reports which have examined the guarantee, including the Honohan report, the Regling Watson report and the Nyberg report. Even with that full benefit of hindsight, none of them and no political party in this...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: The context has now changed because of the deal struck in Brussels on 26 October with burden-sharing now being imposed on European banks which hold Greek sovereign bonds. That strengthens the case for the Government to go to Europe and to redesign the promissory note structure and to get some savings, at least on the remaining €2.8 billion of unguaranteed senior bonds left in Anglo Irish...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: It is great to be able to look back over debates.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael McGrath: Esteemed member.

Leaders' Questions (8 Nov 2011)

Michael McGrath: It is a fudge.

Leaders' Questions (8 Nov 2011)

Michael McGrath: The Government is supposed to give him direction.

Written Answers — Memoranda of Understanding: Memoranda of Understanding (2 Nov 2011)

Michael McGrath: Question 20: To ask the Minister for Finance following the completion of the recent review mission by the EU-ECB-IMF, when he expects that the revised memorandum of understanding and associated documents will be published; and if he will make a statement on the matter. [31912/11]

Written Answers — European Banking Authority: European Banking Authority (2 Nov 2011)

Michael McGrath: Question 21: To ask the Minister for Finance if he will provide details of the contact he and the Central Bank of Ireland have had with the European Banking Authority in relation to potential further recapitalisation of Irish banks under stress testing scenarios being used by the EBA; if any estimate is available of potential further recapitalisation of Irish banks; and if he will make a...

Written Answers — Sovereign Debt: Sovereign Debt (2 Nov 2011)

Michael McGrath: Question 22: To ask the Minister for Finance if he will explain his reasoning for not seeking to negotiate a voluntary write down of Ireland's sovereign and or bank debt in the context of the negotiations which have been taking place in recent days to resolve the Eurozone debt crisis; and if he will make a statement on the matter. [31914/11]

Written Answers — Promissory Notes: Promissory Notes (2 Nov 2011)

Michael McGrath: Question 23: To ask the Minister for Finance if he will provide details of his engagement with the European authorities on the issue of redesigning the Anglo Irish Bank-Irish Nationwide Building Society promissory note structure; and if he will make a statement on the matter. [31915/11]

Written Answers — Promissory Notes: Promissory Notes (2 Nov 2011)

Michael McGrath: Question 24: To ask the Minister for Finance if he intends to repay in full the $1 billion unsecured, unguaranteed senior Anglo Irish Bank bond which falls due for repayment on 2 November 2011. [31916/11]

Written Answers — Tax Code: Tax Code (2 Nov 2011)

Michael McGrath: Question 29: To ask the Minister for Finance if he will clarify the capital gains taxation position in respect of sale of a principal private residence when the residence enjoys a garden with some development potential; and if he will make a statement on the matter. [32237/11]

Written Answers — Banking Sector Regulation: Banking Sector Regulation (2 Nov 2011)

Michael McGrath: Question 40: To ask the Minister for Finance if he has made a decision on the request by AIB to approve a salary in excess of €500,000 for a new chief executive; the current situation with regard to filling the vacancy; if a formal offer of the position has been made by the bank; if he will provide details of the remuneration package which has been proposed; and if he will make a statement...

Written Answers — Tax Yield: Tax Yield (2 Nov 2011)

Michael McGrath: Question 41: To ask the Minister for Finance the amount of money collected to date on the pension levy introduced in the jobs initiative; and if he will provide details of any amount which it is believed remains outstanding for payment in respect of the 2011 liability. [32427/11]

Written Answers — Interest Rates: Interest Rates (2 Nov 2011)

Michael McGrath: Question 42: To ask the Minister for Finance when he expects the interest rate reductions applying to funds available to Ireland under the European Financial Stability Fund and European Financial Stability Mechanism to take legal effect; and if he will make a statement on the matter. [32428/11]

Written Answers — Financial Data: Financial Data (2 Nov 2011)

Michael McGrath: Question 43: To ask the Minister for Finance further to Parliamentary Question No. 65 of 5 October 2011, if he will arrange for the outstanding information to be supplied to this Deputy; and in view of the need for the utmost transparency and accountability, if he is satisfied at the refusal of the bank to provide any financial information on the arrangements in place with contractors....

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