Results 31,201-31,220 of 40,550 for speaker:Joan Burton

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The Minister cannot say that.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The terms of the European Financial Stability Facility require - it is conditional - the relevant State, which is Ireland, to enter a Memorandum of Understanding, MOU, with the European Commission acting on behalf of the euro state areas. Will the Minister confirm if those arrangements apply in this case? The Minister said that the Irish covered institutions have approximately €130...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: -----advised the parties that Jean Claude Trichet had stated this support could not continue forever. He did not give a time limit but did say it could not continue forever. Is it envisaged that, given that the Central Bank - this was confirmed this morning by Professor Honohan - also gave between €20 billion and €30 billion to Irish covered institutions who no longer have collateral,...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: It is in the Regling report.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The IMF does a Memorandum of Understanding as well. It is standard practise in all these situations.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: We think we are.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: Who wrote that for the Minister?

Irish Banking: Statements (18 Nov 2010)

Joan Burton: Let us hope they are not on the negotiating team or we will be in trouble.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: I would not put Deputy Fahey on the team.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The Governor reserved against senior bond holders.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: They thought it was Texas hold 'em poker.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: Yes.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: If we are talking about W. B. Yeats, I should mention the great Nigerian novelist Chinua Achebe wrote the novel Things Fall Apart. Listening to Deputy Fahey, I was also reminded of lines in another poem by W. B. Yeats: The best lack all conviction, while the worst Are full of passionate intensity. Deputy Fahey definitely comes to mind in that respect. Confidence will return to Irish bank...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: I would not confuse diplomatic acceptance that Ireland is where it is and this is nothing more than a grumbling acceptance from our European partners. The Minister and Fianna Fáil are trying to shift the blame to our European and eurozone partners. The unilateral action on the night of the guarantee by the two Brians and then informing our European partners afterwards caused consternation...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: -----the sovereign debt. The gentlemen in town from the International Monetary Fund, the European Central Bank and the Commission see nothing other than a technical distinction between the banks' debt and the State's sovereign debt. I am sorry to have to tell this to Deputy Dooley but, unfortunately, that is a fact.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The Minister's statement-----

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The Minister's statement was devoid of any information to the people as to who the chief negotiator will be in the next few days. Will it be Professor Honohan? Will there be a team of negotiators? Who are they? Are they qualified? Have they the interests of the banks primarily at heart or those of the taxpayers and, more important, the citizens? We are entitled to know the names of the...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: The Minister needs to tell us the structure and the template of these negotiations. We want to know what is and what is not on the negotiation table. The Labour Party believes it is not advisable for the Government to include the 12.5% corporation tax rate in the negotiations. Will we get a serious briefing from the Minister as to what is on the table? The people want only one thing from...

Irish Banking: Statements (18 Nov 2010)

Joan Burton: -----and rescue is expensive no matter who it is done by. I said that at the time. Check the Official Report for my speech.

Irish Banking: Statements (18 Nov 2010)

Joan Burton: There were significantly cheaper, better and faster ways of doing it.