Results 27,321-27,340 of 32,583 for speaker:Richard Bruton

Jobs Initiatives. (13 May 2009)

Richard Bruton: Question 59: To ask the Minister for Finance if he will review the job stimulus measures adopted in other countries; and if he has identified initiatives which could be successful here. [19127/09]

Jobs Initiatives. (13 May 2009)

Richard Bruton: I am disappointed with the vary narrow agenda the Minister is pursuing. The ESRI has told us we face 300,000 extra people out of work. Unemployment is growing at twice the rate of any other country in Europe or any of our competitor countries. The Minister's strategy is simply to pursue the economy down. His tax increases offer no hope, vision or chance for people to see something...

Jobs Initiatives. (13 May 2009)

Richard Bruton: It is enough to make a cat laugh to hear the Minister question the wisdom of putting equity from the pension reserve fund into creating an energy infrastructure and a telecommunications infrastructure for the future while he is putting that money into buying toxic loans which will be a burden on taxpayers forever and a day. Where are his initiatives on VAT for labour intensive sectors, on...

Jobs Initiatives. (13 May 2009)

Richard Bruton: Having a decent electricity network is not discretionary.

Jobs Initiatives. (13 May 2009)

Richard Bruton: He talks about competitiveness but does nothing to deal with it.

Jobs Initiatives. (13 May 2009)

Richard Bruton: What about an evaluation, a proper debate and proper documentation so we can assess the Minister's half baked ideas?

Jobs Initiatives. (13 May 2009)

Richard Bruton: No one believes his measures will repair the balance sheets.

Capital Expenditure. (13 May 2009)

Richard Bruton: The Minister indicated in the supplementary budget that this was something he was hoping to develop. It would seem that some six weeks later little progress has been made because he is still referring to frameworks, he is unable to specify anything and he says everything is premature. Does the Minister believe this is a genuine starter? Does he believe this will be off balance sheet such...

Capital Expenditure. (13 May 2009)

Richard Bruton: The Minister is simply repeating the last answer. He is not even reading the supplementary answer.

Capital Expenditure. (13 May 2009)

Richard Bruton: Give us a clue.

Mortgage Redemption Fees. (13 May 2009)

Richard Bruton: I would like to see this actuarial assessment because I believe the banks are hoodwinking the consumer director. Numerous people attending my clinics say they received one charge of a breakage fee of, for example, €25,000, but when they went back to confirm it the next day, it had gone up to €40,000. That does not suggest there are consistent formulae that are actuarially sound. I...

Banks Recapitalisation. (13 May 2009)

Richard Bruton: Has a report of stress testing of the impaired loans in Anglo Irish Bank been made to the Minister or has he received, either in oral or written form, a report on the stress testing of its loan book? Have any loans been written off to date by Anglo Irish Bank? Given the newspaper reports of €2.5 billion being a recapitalisation requirement, has this figure been reported to the Department...

Banks Recapitalisation. (13 May 2009)

Richard Bruton: Does the Minister have that report?

Banks Recapitalisation. (13 May 2009)

Richard Bruton: Will the Minister tell us anything about it?

National Assets Management Agency. (13 May 2009)

Richard Bruton: Question 55: To ask the Minister for Finance if he will publish the heads of legislation on the National Assets Management Agency and an evaluation of the way it will work in order that there can be a broad based debate on the proposal before final decisions are made. [19125/09]

National Assets Management Agency. (13 May 2009)

Richard Bruton: While I thank the Minister for briefing us, the question is very clear, will we have an evaluation of this project? This is on the scale of Napoleon's invasion of Russia. We are undertaking huge risks on the part of the taxpayer in saying the taxpayer will shoulder up to €90 billion in impaired loans. Does the Minister think it is acceptable that all that has been published is a ten-page...

National Assets Management Agency. (13 May 2009)

Richard Bruton: Has the Minister examined the evidence that other attempts to do this ended in less recovery on behalf of the national agency than private sector recovery of this loan? That is the French example. Has he examined the fact that this will get bogged down in legal wrangling? This will be a bonanza for lawyers and accountants, not for those awaiting credit. That is clear. Does he agree there...

National Assets Management Agency. (13 May 2009)

Richard Bruton: Why?

National Assets Management Agency. (13 May 2009)

Richard Bruton: Why will the scheme not include non-performing loans outside the development category if they are impairing our banks?

National Assets Management Agency. (13 May 2009)

Richard Bruton: So the Minister wants to take on this entire €90 billion. It is enormous.