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Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: -----inch by inch, month by month.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I see the taxpayer getting a return from it. If we manage those assets-----

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I see the potential to get a return.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: Deputy O'Donnell has such certainty. He has such bluster. I cannot promise-----

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I cannot promise the taxpayer that this does not carry risks. Nobody can be certain about the future value of Irish property.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I shall answer the question if the Deputy will listen. Nobody can promise the Irish taxpayer that there is not a risk attached to this. Nobody can be certain what will be the value in ten years' time of some of the properties we have down in the docks or in County Tipperary. However, as sure as anything, if we were to follow the policy of the benches opposite, or of the Labour Party, and...

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I was proud over the past two or three months-----

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: -----to work with the National Treasury Management Agency, with the officials in the Department of Finance and with the experts in the banking sector to see how we might manage this problem. This was the proposed solution which I believe is the best placed for us to achieve. It is neither easy nor orthodox. It will involve difficult legal issues around the ownership and valuation of such...

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: Concerning ownership, unlike the Labour Party which seems to want to nationalise all the banks, I prefer and support the approach set out by the Minister for Finance, Deputy Lenihan, yesterday. This proposes that if the banks cannot cover those losses that must be recouped, we then take ordinary shareholding in the banks. The benefit of that is it brings a return to the Irish taxpayer...

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: That is the proper, fiscally intelligent way to protect the Irish taxpayer's position, as a double lock, a guarantee.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: I shall finish with this. We want to recoup the value of those assets and manage them over a period of time. It is the right thing to do. If we have to take ownership of the banks, we will seek to leave ourselves in a position to get the profit from that ownership as bank shares recover. That is what we will do.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: To have a triple lock and guarantee of security for the Irish taxpayer in what we are doing, even in circumstances where loss might accrue to the taxpayer, we should apply a levy of a kind used here previously to very good effect to a banking sector coming out of this situation. That would work as a triple lock to protect taxpayers' interest.

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: The Opposition is playing politics-----

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: The Deputy would prefer to do nothing and watch what happens. The Government does not have the luxury of such decisions. It is better to take action-----

Financial Resolution No. 11: General (Resumed). (8 Apr 2009)

Eamon Ryan: -----and be responsible about it. Far from it.

Written Answers — Fishing Industry Development: Fishing Industry Development (7 Apr 2009)

Eamon Ryan: Following on from the 2009 Budget Day announcement on 14th October 2008 of the rationalisation of State agencies, the Government has now formally approved proposals for the restructuring of the inland fisheries sector, which includes the creation of a single strengthened national inland fisheries authority to be known as Inland Fisheries Ireland. This authority will replace the existing...

Written Answers — Telecommunications Services: Telecommunications Services (7 Apr 2009)

Eamon Ryan: Broadband service providers operate in a fully liberalised market, regulated, where appropriate, by the independent Commission for Communications Regulation, ComReg. Broadband services are available from competing service providers over multiple platforms, including DSL (telephone lines), cable, fixed wireless, and mobile. I understand that the Ogonnelloe general area is served by the service...

Written Answers — Departmental Staff: Departmental Staff (7 Apr 2009)

Eamon Ryan: My Department, which was established in June 2007, paid a total of €41,100 to 3 Assistant Secretaries in early 2008 in respect of the performance for 2007 under the Civil Service Performance Awards Scheme. Details of the operation of the scheme are available in the annual reports of the Committee for Performance Awards, which can be accessed on the website of the Department of Finance at...

Written Answers — Telecommunications Services: Telecommunications Services (7 Apr 2009)

Eamon Ryan: Broadband service providers operate in a fully liberalised market, regulated, where appropriate, by the independent Commission for Communications Regulation, ComReg. Broadband services are available from competing service providers over multiple platforms, including DSL (telephone lines), cable, fixed wireless, and mobile. I understand that the Kilmacanogue general area is served by the...

Written Answers — Departmental Expenditure: Departmental Expenditure (7 Apr 2009)

Eamon Ryan: Since I took office in June 2007 the following are the costs associated with my use of mobile telephony: 2007 June - December 2008 2009 to date Device Purchase â'¬80 â'¬80 Nil Rental â'¬217.80 â'¬422.39 â'¬154.31 Call costs â'¬275.93 â'¬515.56 â'¬132.46 Total â'¬493.73 â'¬937.95 â'¬286.77 Reimbursement Nil Nil Nil

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