Results 26,321-26,340 of 27,945 for speaker:Michael McGrath
- Written Answers — Banking Sector: Banking Sector (8 Jun 2011)
Michael McGrath: Question 78: To ask the Minister for Finance if, in line with his pre-election commitment, he now plans to impose losses on senior bondholders at Anglo Irish Bank and Irish Nationwide, in view of the fact that the stress test results for these institutions have been concluded and deposits have already been transferred out of the institutions. [14672/11]
- Leaders' Questions (8 Jun 2011)
Michael McGrath: It did not save us a cent.
- Written Answers — Credit Unions: Credit Unions (7 Jun 2011)
Michael McGrath: Question 53: To ask the Minister for Finance his plans for the future of the credit union sector here. [14157/11]
- Written Answers — Banks Restructuring: Banks Restructuring (7 Jun 2011)
Michael McGrath: Question 67: To ask the Minister for Finance the number of job losses he expects in the Irish banking sector arising from the restructuring of the sector. [14156/11]
- Written Answers — Banks Recapitalisation: Banks Recapitalisation (7 Jun 2011)
Michael McGrath: Question 80: To ask the Minister for Finance the amount by which he expects the â¬24 billion bank recapitalisation bill arising from the stress test results to be reduced by the imposition of losses on subordinated bondholders, debt for equity swaps and other liability management exercises. [14411/11]
- Written Answers — Proposed Legislation: Proposed Legislation (7 Jun 2011)
Michael McGrath: Question 81: To ask the Minister for Finance his plans to introduce the public service pensions (single scheme) Bill and the pension arrangements that currently apply for new entrants into the public service. [14110/11]
- Written Answers — Tax Code: Tax Code (7 Jun 2011)
Michael McGrath: Question 84: To ask the Minister for Finance the weekly social welfare payments that are subject to income tax. [14150/11]
- Written Answers — Proposed Legislation: Proposed Legislation (7 Jun 2011)
Michael McGrath: Question 274: To ask the Minister for Justice and Equality when he plans to have legislation enacted to remove restrictions to competition in the legal profession, as set out in the memorandum of understanding with the EU and IMF and in line with the recommendations of the legal costs working group. [14296/11]
- Order of Business (7 Jun 2011)
Michael McGrath: The Taoiseach promised the House would be allowed to consider legislation at drafting stage. When is it proposed to commence that procedure? Has he identified any legislation which would be addressed in that manner?
- Government Borrowing (7 Jun 2011)
Michael McGrath: I agree with the Minister that it is about arguing based on the facts and it is also about having a clear and consistent message because we need to know where we stand. Based on what the Minister stated today which is contrary to what was stated last week, which was that we were funded through to the end of 2013 and into early 2014, which clearly is not the case, and based on any reasonable...
- Fiscal Policy (7 Jun 2011)
Michael McGrath: Question 21: To ask the Minister for Finance when it will be necessary to raise funds outside of the â¬85 billion EU and IMF loan agreement based on the projected Exchequer deficits; and the date of maturity of existing Government bonds which will need to be re-financed. [14409/11]
- Fiscal Policy (7 Jun 2011)
Michael McGrath: I thank the Minister for his response. In an effort to deal with the fallout following last week's comments by the Minister, Deputy Varadkar, concerning Ireland possibly requiring a second bailout, we were reassured by the Minister for Finance, the Taoiseach and other Ministers that Ireland was fully funded to the end of 2013 and into the beginning of 2014 under all circumstances. However,...
- Fiscal Policy (7 Jun 2011)
Michael McGrath: Based on this evidence, is it not clear that we are not fully funded under all circumstances into the beginning of 2014? We all share the Minister's wish that Ireland would return to the markets next year. However, if this does not prove possible, is it not the case that we are not fully funded through the calendar year of 2013 and into the following year?
- Fiscal Policy (7 Jun 2011)
Michael McGrath: I agree with the Minister about the requirement for prudence and that we should plan on the basis of returning to the markets late next year, but we must prepare for a worse scenario. The Minister anticipates that we have enough funding to carry us into the second half of 2013 based on prudent assumptions but we will not allow the State to run towards the bottom of the cash buffers. In such...
- EU-IMF Agreement (7 Jun 2011)
Michael McGrath: Question 24: To ask the Minister for Finance when he expects to secure a reduction in the interest rate on the European element of the loan facility in the EU and IMF agreement; the progress that has been made to date and the obstacles that will prevent achieving the reduction. [14410/11]
- EU-IMF Agreement (7 Jun 2011)
Michael McGrath: I thank the Minister for his reply. It seems Ireland is being treated very unfairly on this issue. As the Minister acknowledged, the other two countries, Greece and Portugal, are benefiting from a lower interest rate. It is now three months since the Heads of Government at eurogroup level decided in principle there would be an interest rate reduction yet it has not been applied to Ireland....
- EU-IMF Agreement (7 Jun 2011)
Michael McGrath: I welcome the commitment of the Minister and the Government not to trade our corporation tax sovereignty for a reduction in the interest rate. However, a reduction in the interest rate was held up during the election campaign as a prize worth pursuing and one which was deliverable. A 1% reduction on all the EU sources would mean â¬450 million a year, which is not insignificant and might...
- Written Answers — Departmental Properties: Departmental Properties (2 Jun 2011)
Michael McGrath: Question 54: To ask the Minister for Finance if any property reverted to the State in accordance with the State Property Act 1954 following the dissolution of a company (details supplied) in 2010 and if so, the location of the property and the person currently responsible for same. [13957/11]
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael McGrath: Question 57: To ask the Minister for Finance if the EU, IMF and ECB insisted that an additional buffer of â¬5.3 billion be included in the bank stress results which were announced at the end of March 2011; if he will confirm when it was decided that the additional â¬5.3 billion was to be included; and if he will make a statement on the matter. [14019/11]
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael McGrath: Question 58: To ask the Minister for Finance if there is any evidence that the US Treasury Secretary Timothy Geithner or the US authorities signalled their opposition to burden sharing with senior bondholders as part of the agreement reached by the Irish Government with the EU, IMF and ECB in November 2010; and if he will make a statement on the matter. [14020/11]