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Overseas Development Aid. (18 Nov 2009)

Peter Power: The fact that Anglo-Irish Bank is being brought into this debate at this stage disappoints me.

Overseas Development Aid. (18 Nov 2009)

Peter Power: Deputy Higgins introduced it. It disappoints me because if we do not have a thriving banking system we will not have an economy.

Overseas Development Aid. (18 Nov 2009)

Peter Power: We cannot divorce a robust economy from an aid programme. One cannot have one without the other. We cannot have an aid programme without a sustainable economy.

Overseas Development Aid. (18 Nov 2009)

Peter Power: The Deputy said we can have both, but I am suggesting that we cannot.

Overseas Development Aid. (18 Nov 2009)

Peter Power: Exactly. The process we are currently undertaking is to clean up our banking system and bring growth back into the economy. We cannot borrow unsustainably for development purposes. Deputy Higgins knows more than anybody else that we preach sustainable development in sub-Saharan African.

Overseas Development Aid. (18 Nov 2009)

Peter Power: If we were to practice unsustainable economics in our country we certainly would not do our reputation any good at all.

Humanitarian Aid. (18 Nov 2009)

Peter Power: The Deputy is referring to the extra-judicial killings of six Jesuit priests, their housekeeper and her daughter on 16 November 1989 in the Jesuit residence at the University of Central America in San Salvador. A 1991 report by the UN-sponsored truth commission concluded that this massacre had been perpetrated by members of the Salvadoran military. These brutal killings were among 75,000...

Written Answers — Overseas Development Aid: Overseas Development Aid (17 Nov 2009)

Peter Power: In 2008, Ireland spent €920 million on Official Development Assistance (ODA). This represented approximately 0.59 % of our Gross National Product (GNP). For 2009 the total budget for ODA is expected to reach €696 million. Based on current projections this will represent at least 0.48% of GNP. This means that Ireland will remain one of the most generous donors in the world on a per capita...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I do not want to stifle discussion or cut across other Members but I want to make a brief intervention. For the information of the House, we are dealing with amendment No. 10 and discussing it in detail. Fine Gael has tabled an amendment to amendment number 11, which is important, and relates to whistleblowers and extending the definition in section 222 to incorporate directors and...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I thank Members for their agreement on this point but I seek a moment to intervene to move the amendment.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I will try to be much briefer than I intended to be. I know other Members had signalled their intention to contribute so I will try to be as brief as possible. Following discussions in this House, the Minister has decided to add specific provisions to the Bill in the Seanad to protect bona fide whistleblowers if they report wrongdoing. The whistleblower protection extends to officers of...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I will be very brief.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: We must allow the banks to access capital on the capital markets. When they have access to capital——

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: ——on the capital markets, they should lend it out. That is where guidelines become applicable.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I said I would speak briefly on this point.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: Deputy Rabbitte made the point that——

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: The last contribution took 30 minutes and I am entitled to three minutes.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: We are grouping these amendments by the agreement of the House. Deputy Rabbitte made the important point——

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: I am just addressing a simple and straightforward issue raised by Deputy Rabbitte. He made the point that the guidelines should be mandatory and that instead of using the term "may", we should use "shall". If we were to accept the amendment by Deputy Rabbitte and if we were to accept the amendment by Deputy O'Donnell, it would be mandatory on the Minister to make guidelines on the limited...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Peter Power: No, because the proposed amendment is from this House. It will go to the Seanad but does not need to return to this House.

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