Results 3,701-3,720 of 15,491 for speaker:Eamon Gilmore

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: No.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: I am not grandstanding.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: Deputy Martin came in here and said he wanted to put an end to Punch and Judy politics. If he carried on like that on the Punch and Judy stage, the children would get tired of it and go home.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: Deputy Boyd Barrett's questions get to the heart of the matter. He asked why we say that banking union is a positive and how that relates to the imperative to create jobs and get economic growth in the European economy. Deputy Martin will remember the banking crisis although of course he does not want to be reminded of it.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: At the start of the banking crisis this State took responsibility. The State gave the guarantee, took on the debts of the banks and placed those debts on the shoulders of the taxpayer. The ECB position throughout that period was that this was the way to go, that Ireland's banks' problems were problems for the Irish State and the Spanish banks' problems were problems for the Spanish state...

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: That fundamental view of the banking crisis has now changed. There is a change in European policy on banking. That change is expressed in the conclusions of the June summit which clearly stated that bank debt and sovereign debt were to be separated and that Europe would proceed with the establishment of a banking union, which, once the single supervisory mechanism was put in place, would...

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: I refer first to Deputy Martin's question. It is not the case that 98% of banks are excluded from the single supervisory mechanism. The mechanism will cover the vast majority of European banks, some 90% all told, according to some estimates. The misunderstanding concerns the direct supervision by the ECB-----

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: There are a number of categories. Some banks have assets of more than €30 billion. There is also the agreement that the three largest banks in each member state will be covered. Some banks have assets greater than 20% of their country's GDP, while there are others in trouble. The last-named have been identified as those that will come directly under supervision.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: Yes, that is right.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: The Deputy is missing the point. I refer to direct supervision. The supervisory mechanism will embrace the entire supervisory system of the European banks. We need to stand back from this. Initially there was a great deal of scepticism about it. First, there were those who said there would never be agreement to separate bank debt and sovereign debt or to allow for the ESM to...

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: The ECB is separate. There is an established structure-----

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: There is a structure established for the ECB.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: I am not sure what is the purpose of the Deputy's question.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: The Council agreed the way in which the Irish bank debt issue would be dealt with-----

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: -----which was that it would be progressed by the Eurogroup.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: It is not about playing politics. The only person playing politics with this is the Deputy.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: The issue is to secure the best possible outcome for this country in terms of our banking difficulties. I do not want to go back into this again. If the Deputy invites me to play politics-----

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: -----I am quite happy to do so.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: The Deputy maintains an interrupting pattern.

European Council Brussels: Statements (19 Dec 2012)

Eamon Gilmore: I am answering the questions you asked. You asked about the discussions