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Leaders' Questions (3 Mar 2010)

Brian Cowen: Anyone else for the last of the Choc Ices? The official statistics of the live register for February will be published at 11 a.m. by the CSO.

Leaders' Questions (3 Mar 2010)

Brian Cowen: However, I understand from the internal figures of the Department of Social and Family Affairs that the end of February figure will show almost no change compared to January. This compares with an increase in February last year of more than 26,000. The live register normally increases in February, so these figures suggest a modest decrease on a seasonally adjusted basis. While unemployment...

Leaders' Questions (3 Mar 2010)

Brian Cowen: The figures also include nearly 74,000 people who are working part-time and nearly 21,000 people who are signing on to claim credits.

Leaders' Questions (3 Mar 2010)

Brian Cowen: I have considered Fine Gael's banking policy and have just explained the consequences. The Deputy came in here yesterday arguing that under no circumstances should money be given to Anglo Irish Bank. I have just explained to the Deputy what happens.

Leaders' Questions (3 Mar 2010)

Brian Cowen: The basis of Fine Gael's funding for a stimulus package arises from defaulting on bondholders and then raising bonds elsewhere to get the money for the work the party wants to do.

Leaders' Questions (3 Mar 2010)

Brian Cowen: I would simply ask the question-----

Leaders' Questions (3 Mar 2010)

Brian Cowen: -----of how the party expects to get money when it does not propose to honour the existing bondholders? Fine Gael has come up with the idea of a national recovery bank which would be funded by the ECB. No such bank exists and none would exist on the sole basis of funding from the ECB.

Leaders' Questions (3 Mar 2010)

Brian Cowen: If deposits from existing banks in Ireland are to be chased in order to bring deposits into the new bank, the increased lending capacity is nil because deposits from one bank would be taken from one bank and given to another.

Leaders' Questions (3 Mar 2010)

Brian Cowen: That is the position.

Leaders' Questions (3 Mar 2010)

Brian Cowen: Our economic policy provides for a stimulus in the form of a 5% capital investment programme, even in the context of the most difficult public finance position we have seen in a very long time.

Leaders' Questions (3 Mar 2010)

Brian Cowen: We are devoting €6.5 billion into a capital investment programme that is protecting up to 80,000 jobs in the economy.

Leaders' Questions (3 Mar 2010)

Brian Cowen: Even last year, in the most difficult year, 125 projects were obtained by IDA Ireland for this country.

Leaders' Questions (3 Mar 2010)

Brian Cowen: Over the next five years it has set out to secure 105,000 jobs.

Leaders' Questions (3 Mar 2010)

Brian Cowen: It is a very reputable enterprise agency that has always delivered for this country and can only deliver on the basis of a Government being prepared to put the public finances in order so that investor confidence in the country can be increased.

Leaders' Questions (3 Mar 2010)

Brian Cowen: That is how we are proceeding and the plans we have in place.

Leaders' Questions (3 Mar 2010)

Brian Cowen: It is of that order.

Leaders' Questions (3 Mar 2010)

Brian Cowen: What should I have done?

Leaders' Questions (3 Mar 2010)

Brian Cowen: Nonsense.

Leaders' Questions (3 Mar 2010)

Brian Cowen: I refute once again the usual blandishments-----

Leaders' Questions (3 Mar 2010)

Brian Cowen: -----from Deputy Gilmore on the reasons for the decisions taken on 29 and 30 September 2008. Had Anglo Irish Bank not been included in the State guarantee, there would inevitably have been a run on the bank as depositors and other providers of funds to Anglo Irish Bank would have rushed to withdraw their funds from that institution. The bank could not have met those immediate demands and...

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