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EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Are those the ones with whom the Minister broke garlic?

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: When the history books come to be written this rather modest, slim document will stand probably beside the treaty, the declaration of Irish neutrality in the Second World War, the decisions about joining the European Union, the issues dealing with the IRA and violence in this country, as probably one of the most important documents presented to the Dáil. It is presented on a snowy 1...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: It ill becomes the Minister not to have given it to the Opposition parties and to have allowed time for an analysis. The document is not warm from the printer so it is clear it was printed some hours ago. The document will tie this country hand and foot to a bad deal that was negotiated on behalf of the Irish people at the weekend by a Minister who appointed as his plenipotentiaries rather...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: So this is what Fianna Fáil has to say to the citizens of this country who have the temerity to discuss for the sake of themselves, their children and their grandchildren what Fianna Fáil proposes to sign off on as a non-negotiable agreement, something it hopes will serve as a straitjacket for a future Government. I do not accept Fianna Fáil's claim of too much discussion and domestic noise.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Two and a half years ago, Labour Deputies, including our leader and I, advised the House not to vote for the bank guarantee. I am sorry that other parties, such as the Green, Fine Gael and Sinn Féin parties, all voted wrongly for the bank guarantee. One reason people voted for it was that, as with today's document, it was sprung on us without an opportunity in a citizen's democracy and...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: The Minister can tell us later. In the questions and answers session, will he answer all of the questions I put to the teams of international negotiators? He could outline how hard he fought for his country, a "What did you do in the war, Daddy?" According to Professor Eichengreen, "Ireland will be transferring nearly 10% of its national income as reparations to the bondholders, year after...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Most of this document deals with the arrangements in respect of the banks. There is barely a mention of the domestic economy, the more than 450,000 unemployed people or the hidden assumption in the Government's green-covered book on the four year recovery plan that 40,000 people will emigrate per year. What is the Government's expectation of the likely level of annual emigration during the...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: -----there should be no risk for bondholders. Capitalism, actually, is about the allocation of capital. That is where it gets its name, and the allocation of capital is never a risk-free project. We know pension funds, for instance, want a high degree of security and high levels of information. Clearly, what happened in Ireland as regards our banks has come as a terrible shock, not just...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Will the Minister say what is the future of the AIB rights issue and whether he is still going ahead with it? What is the story on the closure of Anglo? I am told Anglo wants to change its name, but wants to keep the words "Irish" and "Bank". Here is a puzzle for after the Christmas pudding: What is a three-letter, or perhaps it is more-----

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Yes, the Irish tent bank - we shall run this as the Dáil Christmas cracker quiz. It wants to keep "Irish" and "Bank" but is willing to let go of the anglophonic part of the name, apparently.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: Yes, it could be the Galway tent bank. What shall we call it? I also want to ask the Minister as well about recent court cases in relation to Anglo, featuring a senior executive of the bank who is in the newspapers this week, indebted for up to €50 million, perhaps, they suggest. The bank was still advancing loans to that particular individual and to developments he was involved in,...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Joan Burton: We had it researched by the Labour Party. I am glad the Deputies opposite find it funny because I find today rather sad when we see the details of what ordinary Irish people are to endure and to suffer. I want to draw attention in particular to table 1 on page 33 and the subsequent table, which I find frightening, in terms of the conditions they impose on Ireland.

Freedom of Information (30 Nov 2010)

Joan Burton: Now that the Government appears to have agreed to requests for a reform programme for Ireland in the context of the discussions with the European Union and the IMF, will the Taoiseach agree that one of the critical items for reform will be to restore the Freedom of Information Act which was pretty much filleted by the Freedom of Information (Amendment) Act which the then Minister for Finance,...

Freedom of Information (30 Nov 2010)

Joan Burton: No, I asked if the Taoiseach agreed that in the reform programme or reform agreements that are mentioned, there is mention in the documents and in the four-year recovery plan of a reform of practices. Does this reform include the reform and reinstatement of the Freedom of Information Act which was filleted by the then Minister for Finance, Charlie McCreevy? Second, a number of the...

Freedom of Information (30 Nov 2010)

Joan Burton: Institutions that are specifically excluded from the Act or are not comprehensively covered include the National Treasury Management Agency, the National Pensions Reserve Fund and the Central Bank. With regard to the issue of cost, I have put in a number of requests since the establishment of the bank guarantee about interactions between the Department of Finance and Anglo Irish Bank, and...

Freedom of Information (30 Nov 2010)

Joan Burton: Following my request with regard to Anglo Irish Bank it was revealed to me that in late December 2008, some months after the guarantee, the talks between Anglo Irish Bank and the Department of Finance involved discussions on €1.5 billion of funding from the State and €1.5 billion to be raised by the bank through private capital. It is useful to get such information. The programme for...

Order of Business (30 Nov 2010)

Joan Burton: On the same matter of banking related legislation, will the Taoiseach confirm whether legislation will be required in respect of the National Pensions Reserve Fund making investments in banks like Anglo Irish Bank, the EBS and Irish Nationwide Building Society? When will the Minister for Finance introduce that legislation in the House? Yesterday, there was mention in The Irish Times that the...

Order of Business (30 Nov 2010)

Joan Burton: No.

Order of Business (30 Nov 2010)

Joan Burton: Directed investments.

Order of Business (30 Nov 2010)

Joan Burton: The Taoiseach has not answered the question, which was on the extension-----

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