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Leaders' Questions. (22 Jun 2010)

Joan Burton: The Taoiseach stated the Government would make money from Anglo Irish Bank.

Written Answers — Commissions of Investigation: Commissions of Investigation (17 Jun 2010)

Joan Burton: Question 41: To ask the Minister for Finance when the Joint Oireachtas Committee on Finance and the Public Service is to be invited to consider the preliminary reports on Ireland's banking crisis prepared under the direction of Klaus Regling and Patrick Honohan respectively; when he expects the terms of reference and draft Government order to establish the statutory Commission of...

Written Answers — Mortgage Arrears: Mortgage Arrears (17 Jun 2010)

Joan Burton: Question 68: To ask the Minister for Finance his views on the significant increase in mortgages in arrears for 90 days or more, now totalling 32,321; if he will provide an update on the progress made by the Interdepartmental Mortgage Arrears Review Group; if he envisages a need for legislation to implement the recommendations of this Group; and if he will make a statement on the matter....

Written Answers — Fiscal Policy: Fiscal Policy (17 Jun 2010)

Joan Burton: Question 94: To ask the Minister for Finance if he accepts that the inappropriate fiscal and economic policies that he has pursued, and specifically the role played by property based tax breaks in distorting investment decision making and feeding the plain vanilla property bubble, are highlighted in both the Honohan and Regling-Watson reports on the banking crisis here; if he accepts that...

National Debt (17 Jun 2010)

Joan Burton: Did I hear the Minister say that he expects interests costs this year to be above €5 billion and to perhaps increase to approximately €7.5 billion owing to the amounts and bond spreads involved?

National Debt (17 Jun 2010)

Joan Burton: They will be €75 billion.

National Debt (17 Jun 2010)

Joan Burton: If the interest costs estimated by the Department of Finance for next year are €7.5 billion and last year we collected approximately €32 billion----

National Debt (17 Jun 2010)

Joan Burton: And €7.5 billion the next year.

National Debt (17 Jun 2010)

Joan Burton: Last year, we collected €32 billion in taxes. The Minister is saying that commencing next year at least €5 billion will be spent on paying down interest. This means that one in every six euro collected in taxes will be used to pay off interest on the debt, including the bailout of Anglo Irish Bank. As the Minister stated, the Government is hoping the European Union will allow it to...

Departmental Appointments (17 Jun 2010)

Joan Burton: The Regling and Watson and Honohan reports identify an appalling lack of expertise in the Department of Finance. Maybe the Department has accountants and I believe it has economists, but they did not seem to be in a position to contribute to warding off the collapse, particularly the collapse in Irish Nationwide and Anglo Irish Bank. I recall civil servants from the Department of Finance...

Departmental Appointments (17 Jun 2010)

Joan Burton: What about the brass medal?

Departmental Appointments (17 Jun 2010)

Joan Burton: That is the silver medal.

Tax Returns (17 Jun 2010)

Joan Burton: Is the Minister concerned that the structural deficit and the huge loss in revenue from the construction industry are gone forever? They will now be down at a very modest level. Has the Minister identified the ongoing loss from that deficit? Does the Minister accept that if he can get people back to work - including work experience, graduate interneeship and apprenticeships, which the...

Tax Returns (17 Jun 2010)

Joan Burton: I would like to ask the Minister about the mechanism for forecasting the tax revenue shortfall. Will he make available to me his current estimates in relation to the interest costs for this year? It seems to me that we are not getting the full picture when it comes to the costs that apply to Anglo Irish Bank and the treatment of that bank. I was surprised to hear of the amounts of money...

Tax Returns (17 Jun 2010)

Joan Burton: Our bond spreads are not good.

Tax Returns (17 Jun 2010)

Joan Burton: We share the Minister's hope.

Order of Business. (17 Jun 2010)

Joan Burton: It is a bit tigerish looking.

Order of Business. (17 Jun 2010)

Joan Burton: Did the Tánaiste hear my comment? It is a bit tigerish looking.

Order of Business. (17 Jun 2010)

Joan Burton: The Bill on the European stabilisation fund - a type of IMF for Europe - is coming before the House on Thursday. It is an important Bill with implications for Ireland and significant amounts are involved. We can view this in the context of statements yesterday concerning the €20 billion of the €22 billion given to Anglo Irish Bank having gone down the drain, according to the chief...

Order of Business. (17 Jun 2010)

Joan Burton: This is on the Order of Business. It is being rushed in next Thursday and I believe everybody in the House will support it. Rushing finance Bills with no information or detail on the small print is a recipe for disaster. The Taoiseach, Deputy Brian Cowen, did this when Minister for Finance and it allowed Anglo Irish Bank to get involved-----

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