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Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: The sale of these CCNs, contingent capital notes, was kept very quiet and only announced several hours before it was completed. At €1 billion, this is the largest sale of a State asset this year and should be subject to proper scrutiny. The Minister gave many figures in his reply. It is clear from this and replies to other parliamentary questions that there has been a substantial...

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: I have made it clear the reason I have raised this-----

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: The Minister actually welcomed this transfer yesterday.

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: He mentioned it in the public. I am not casting any aspersions on the individual in question.

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: I am not casting any aspersions but a genuine question arises when someone who heads up the management-----

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: When the person who headed up the management unit which dealt with the sale of these CCNs becomes a chief executive of the very same bank's unit dealing with similar issues and given the Government's commitment to a programme-----

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: No.

Other Questions: Banks Recapitalisation (17 Jan 2013)

Pearse Doherty: There is a programme for Government commitment to allow for a cooling-off period for senior departmental officials transferring to the private sector. Will the Minister reassure the House there are no questions concerning this appointment? Will the Minister also explain why this is such a good deal when our Exchequer position is worse as a result of this transaction?

Other Questions: Bank Debt Restructuring (17 Jan 2013)

Pearse Doherty: To ask the Minister for Finance if he will provide an update on the on-going negotiations on the issue of the legacy debt in the pillar banks detailing the number of meetings that took place on this issue between him, his officials and representatives of the ECB, the ESM and other EU bodies; the nature and content of these discussions; and the meetings that are scheduled to take place in the...

Other Questions: Bank Debt Restructuring (17 Jan 2013)

Pearse Doherty: There is no doubt that the statement on 29 June offered an opportunity for Ireland to secure the getting back of the money we invested in the pillar banks, which is to the tune of more than €25 billion. Unfortunately, I note from media reports, an editorial in the Financial Times the day before yesterday and an article in The Wall Street Journal yesterday, that it is claimed there is...

Ceisteanna - Questions - Priority Questions: Promissory Notes (17 Jan 2013)

Pearse Doherty: This is the first Question Time in 2013. We can have all the smart aleck comments the Minister wishes for the next year, but I asked him three specific questions. I know he cannot go into detail, but is it the Government's intention that the debt-to-GDP ratio will be reduced as a result of the successful negotiation of a deal? Is it the intention that the taxpayer will be spared from...

Ceisteanna - Questions - Priority Questions: Promissory Notes (17 Jan 2013)

Pearse Doherty: To ask the Minister for Finance if he will provide an update on the on-going negotiations with the ECB on the promissory note; if an agreed technical paper has been concluded between the Troika and his Department and if not if he will indicate if such a paper is still being worked on; and if he will detail the terms of a deal on this debt that he considers to be acceptable. [2113/13]

Ceisteanna - Questions - Priority Questions: Promissory Notes (17 Jan 2013)

Pearse Doherty: There has been a great deal of talk about the deal and the Minister's comments today are welcome. The Minister of State, Deputy Lucinda Creighton, and the Minister for Communications, Energy and Natural Resources, Deputy Pat Rabbitte, probably said more than the Minister, Deputy Noonan, would have wished. The comments from the Taoiseach and those made yesterday by the Governor of the...

Topical Issue Debate: Burglaries in County Donegal (17 Jan 2013)

Pearse Doherty: Unfortunately, there is little in what the Minister of State has said that will give comfort to elderly people in Donegal. I know this comes in waves and depends which gangs are operating but Phyllis Magee was robbed twice and individuals in Buncrana, Inishowen, Raphoe have also been robbed. I spoke recently to a relative of somebody who had passed away who told me that the deceased had...

Topical Issue Debate: Burglaries in County Donegal (17 Jan 2013)

Pearse Doherty: I too have to say, on behalf of the elderly people of Donegal, it is an absolute disgrace that the Minister for Justice and Equality is not here to answer this very important question from three Donegal Deputies. I sat in my office in Leinster House to watch "Prime Time" when Miriam O'Callaghan interviewed Phyllis McGee, a very brave woman, who was robbed not once but twice in her home in...

Leaders' Questions (17 Jan 2013)

Pearse Doherty: It is the biggest debt people have.

Written Answers — Department of Finance: Fiscal Policy (17 Jan 2013)

Pearse Doherty: To ask the Minister for Finance his views on the initial assessment of Budget 2013 published by the ESRI in December 2012 and in particular on the ESRI's assessment that, like Budget 2012, Budget 2013 will take more from lower income groups than from higher income groups. [1773/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (16 Jan 2013)

Pearse Doherty: There is no movement away from risk-weighted to overall assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (16 Jan 2013)

Pearse Doherty: The stress tests will be performed on our financial institutions later this year, having been postponed since last year. Professor Honohan has indicated that he does not like predicting the future but are there signals of a concern as we enter into the process? Those concerns may relate to the requirement for additional capital, however large or small that would be. The next question is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (16 Jan 2013)

Pearse Doherty: I will move on to mortgages as we are running out of time. We have had engagements with public interest directors and we have heard from bank CEOs, some of whom have been on the media speaking about the Personal Insolvency Bill, most notably Mr. Richie Boucher who stated categorically that there would be no write-down of debt. Public interest directors have made the same argument. I expect...

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