Results 27,221-27,240 of 35,894 for speaker:Pearse Doherty

Written Answers — Department of Environment, Community and Local Government: Water and Sewerage Schemes Expenditure (9 Oct 2014)

Pearse Doherty: 237. To ask the Minister for Environment, Community and Local Government the amount his Department spent on the Gweedore sewerage scheme to date in 2014. [38570/14]

Written Answers — Department of Environment, Community and Local Government: Island Communities (9 Oct 2014)

Pearse Doherty: 243. To ask the Minister for Environment, Community and Local Government if he has received correspondence from Comhdáil Oileán na hÉireann regarding the alignment process and the offshore islands; his views on their proposal that an island based organisation deliver the SICAP and Leader programmes on all the inhabited offshore islands from 2015 onwards; and if he will make a...

Written Answers — Department of Communications, Energy and Natural Resources: Broadband Service Provision (9 Oct 2014)

Pearse Doherty: 263. To ask the Minister for Communications, Energy and Natural Resources his plans to address the issue of lack of adequate broadband services in many parts of County Donegal; and if he will make a statement on the matter. [38628/14]

Written Answers — Department of Arts, Heritage and the Gaeltacht: National Parks and Wildlife Service (9 Oct 2014)

Pearse Doherty: 285. To ask the Minister for Arts, Heritage and the Gaeltacht if members of the National Parks and Wildlife Service conducted a night-time visit to Inis Bó Finne Island on certain dates (details supplied) to record corncrake data; if personnel from the National Parks and Wildlife Service entered private land during the course of this trip; if this visit was sanctioned by the National...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: With the Chairman's indulgence I will withdraw amendments Nos. 1 and 2. I also must absent myself from the committee at this stage because those were the only amendments we had tabled. Is that procedurally acceptable?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: Anybody following these proceedings would be of the view that the game-changer would have been experienced in people's lives and not out in the markets. All of us on this committee understand the crucial importance of our being able to be back into the markets at low interest rates, but the game-changer paraded by the Government at the end of June was that there would be a game-changer in...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: On a case-by-case basis. I could be wrong but I would put money on it that the Minister at least asked his colleagues in Europe how they think this would apply to Ireland. We are not talking about millions or hundreds of millions but about tens of billions of euro. I am sure he has asked that question in the 24 or 28 months since that big game-changer, as he mentioned. I am sure as the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: No, it is not. It is about how the retroactive recapitalisation instrument can apply and whether a report can be furnished.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: I am finishing up now.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: Go raibh maith agat, Minister, for those disappointing responses. In the context of retroactive recapitalisation, is it the case that it will only be when an application is made to the board of the ESM that the rules will be established?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: Therefore, there will not be established modalities for the making of applications. A member state will be able to make an application and there will be no waiting period similar to that which obtains in the context of the direct recapitalisation instrument. The position is that the ESM board will receive an application and then decide the modalities it wishes to apply. Is that how the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: That is quite surprising. There will be no rules, as such, and when a member state makes an application, there will be no indication of how it will be viewed, benchmarked or adjudicated on. It will be a case of making an application and then negotiating on it. This means that different rules will be able to be applied to different states.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: I understand the hierarchy or waterfall system that will obtain when individuals will be bailed in, when money will have to be put up and when the relevant state or the ESM will intervene. However, my question relates to direct recapitalisation. Unless the Minister can provide some information to the contrary as a result of his discussions with his colleagues, there is no suggestion the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: I am fully aware now that there are no modalities in place and that no rules will be set out until an application is made. It will be at that point that the rules will be established by the board of governors. I do not believe that is the best way to do business.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: I understand that. However, there should at least be some benchmark in respect of what we are discussing. There can be flexibility in the rules, but in the absence of any rule whatsoever, it could be viewed as a positive benefit if the relevant authorities could use their negotiating skills to their state's advantage. However, an absence of rules could also prove to be hugely detrimental.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: We are well aware of the guideline.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: The article refers to the "retroactive application of direct recapitalisation". We know what such recapitalisation means or we at least have a very good sense of it in terms of the structure and the point at which people step into the breach. It is very clear that the waterfall system is laid out in the guidelines. My original question was related to whether the retroactive application of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: European Stability Mechanism (Amendment) Bill 2014: Committee Stage (8 Oct 2014)

Pearse Doherty: I move amendment No. 1: In page 3, between lines 18 and 19, to insert the following:"2.The Minister for Finance shall lay before the Houses of the Oireachtas a report outlining how an application for retroactive recapitalisation of a financial institution would be processed by the Direct Recapitalisation Instrument.".These amendments had to be altered in the light of a direction from the...

Order of Business (8 Oct 2014)

Pearse Doherty: The Government promised to introduce legislation on a mortgage guarantee scheme. That promise was contained in the Construction 2020 document. Under it, the State would guarantee 5% of the loan-value ratio of mortgages, allowing people to take out mortgages at a higher ratio. Given the Central Bank's announcement yesterday of a consultation process on people not taking out loans greater...

Leaders' Questions (8 Oct 2014)

Pearse Doherty: The Taoiseach has had four years.