Results 26,121-26,140 of 27,019 for speaker:Michael Noonan

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I believe an extension of the ELG scheme is necessary to ensure the refinancing of Bank of Ireland and Allied Irish Banks may proceed in an orderly fashion, that deposits are underpinned elsewhere in the market and that other institutions that wish to avail of the guarantee are free to do so. I am reluctant to support the motion, however, for two reasons, as dealt with in my amendment. When...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: The Minister's defence may be correct. It was the same Minister who told us, the night he introduced the guarantee, that this would be the cheapest bank rescue anywhere in the world.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Was the clip of the Minister we saw on television last night out of context? A clip of the Minister saying that was shown last night on "Prime Time".

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Our archivist, Deputy Burton, has full details of it.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: Perhaps it was unintentional. However, new information has emerged through the release of information to the Committee of Public Accounts.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I do not know at what venue the Minister was speaking in the clip shown on "Prime Time" last night. That is what he said on the clip shown on "Prime Time". I do not know in the context of what debate the Minister said it. The Minister, on leaving the House on the night of the guarantee two years ago, went to the Seanad where Senator Liam Twomey moved an amendment to the motion seeking that...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: The Minister never heard about it.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I said on television earlier that I believe the Minister is honest and honourable and I believe that. The Minister needs to clarify this matter on the record of the House. How is it that the Minister for Finance did not know four days prior to the introduction of the bank guarantee scheme that Anglo Irish Bank was selling itself, lock, stock and barrel, to Bank of Ireland. The Minister...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: I find it hard to believe that all these baddies would not have been aware of that on the night of the introduction of the guarantee. I have always said that if the Minister gives absolute assurances on the record of the House I will take his word. Against that background, I find it hard to believe. If the Minister wants Fine Gael's support tonight he will have to explain how all this...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: There is not much point in organising a confidential briefing if what is revealed is already in the public domain and what is confidential cannot be revealed. We need further information and all the details. We got further information later for which I thank the Minister's officials. As I stated, much of the information we required is, we were told, commercially sensitive and cannot be...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: They remain on lending committees. Why is this the case given the huge stake the Irish taxpayer has taken in these banks? Such people have been shown the door everywhere else. I am not suggesting these people are personally responsible but what happened on their watch and they should be replaced. When can we expect the Director of Corporate Affairs to report on his inquiry into the banks?...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Michael Noonan: There is not a Fianna Fáil Deputy in the House.

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: I wish to share my time with Deputy Kieran O'Donnell.

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: I welcome the motion. We are not coming cold to it because there has been considerable discussion on this matter at the Joint Committee on Finance and the Public Service. I attended last week's meeting but Deputy Burton and others have been attending meetings for quite some time. The amendments being made to the proposed terms of reference by the Minister are acceptable. He has moved very...

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: It was eventually but not at the time in question. This must be examined. It is very important that this be done. One point made by the Minister may meet the requirements I sought last night when we referred to these issues during the debate on the Private Members' motion. He said in his speech that "the terms of reference of the commission require it to examine whether any advices or...

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: If it were Wallander the report would make very depressing reading.

Banking Sector Crisis: Motions (8 Jul 2010)

Michael Noonan: It is more like a dead-cat bounce.

Economic Issues: Motion (Resumed) (7 Jul 2010)

Michael Noonan: There are 450,000 people unemployed.

Economic Issues: Motion (Resumed) (7 Jul 2010)

Michael Noonan: I thank the Minister for his complimentary remarks and for doing us the honour of participating in the latter stages of the debate. I also thank all colleagues who participated in the debate. We all know that both politically and in the interests of the people we represent the economy is still at the heart of the matter and economic debates are important. If we can throw some light on the...

Economic Issues: Motion (Resumed) (7 Jul 2010)

Michael Noonan: To extend the metaphor, the green officers who have now departed the deck would probably have been on the side of the iceberg. They would have accused the Minister of deliberately destroying one of the great features of nature by driving the Titanic straight into it. These are the problems the Minister faces. It is known by all parties that there is no confidence on the ground in the...