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Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Hayes: Deputy Ó Caoláin can give it but he cannot take it. I have three questions which I ask the Minister for Finance to address. When the IMF went into Greece, the rate of interest on which the loan facility was given was 5%. The Minister must address what exactly we will pay for this package of funds. Ireland is not Greece. The scale of the economic challenge and the economic restructuring...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Hayes: I ask the Minister to address the interest rate which will be negotiated. When does he expect the negotiations to be concluded? I presume an essential feature of the negotiations will be determining the interest rate we will pay for the loan facility. Given that the position of Ireland is significantly better than that of Greece in respect of a large number of macroeconomic statistics,...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Hayes: Given that Ireland is in a different position from Greece, I assume we will pay an interest rate lower than 5%.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Hayes: Does the Minister expect money to be provided on a term longer than three years?

Bank Guarantee Scheme: Motion (Resumed) (17 Nov 2010)

Brian Hayes: Indeed it is.

Bank Guarantee Scheme: Motion (Resumed) (17 Nov 2010)

Brian Hayes: Is the Minister of State surprised?

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I move amendment No. 1 in my name and those of my colleagues. The amendment states-----

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I have not had sight of any communication from the Ceann Comhairle explaining the rationale for its being ruled out of order. The amendment was circulated by me earlier today and I have received no communication from the Ceann Comhairle.

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I do not want to debate this with you; I appreciate the situation in which you find yourself. My understanding is that this is a statutory instrument, but the motion in the name of the Minister is to give effect to that statutory instrument. It is a motion in the Government's name, and the amendment in my name and that of my colleagues is simply an amendment to the motion, not to the...

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: Our view is that the motion in the name of the Government to give effect to the statutory instrument is a motion on the Order Paper, and the amendment proposed by my colleagues and me is an amendment to that motion. I disagree with the Acting Chairman's interpretation of that, but for the purposes of the-----

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: Yes. I will put on the record the amendment that has been circulated; whether we will have a chance to vote on it is a matter for the House.

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I will put the amendment on the record of the House. The amendment proposed to delete all words after "Dáil Éireann" and substitute, "defers consideration of the draft scheme entitled the Credit Institutions (Eligible Liabilities Guarantee) (Amendment) (No. 2) Scheme 2010 until full information about the true state of the Irish economy is made available to Dáil Éireann." I will speak on...

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I understand.

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: It is quite extraordinary, on the day and week that is in it, that the Government is introducing this statutory instrument for the approval of the House. The Irish people - and, I believe, a significant number of Deputies in the House - do not believe what the Government is telling us. This statutory instrument, to which the Government hopes the House will give effect, brings the guarantee...

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: I have not seen it yet.

Bank Guarantee Scheme: Motion (17 Nov 2010)

Brian Hayes: On a point of order, he is on his way back from Brussels and so he is not here.

Leaders' Questions (17 Nov 2010)

Brian Hayes: What else could they say?

Value Added Tax Consolidation Bill 2010: Report and Final Stages (16 Nov 2010)

Brian Hayes: The passage of this legislation is welcome on all sides of the House. The consolidation has been overdue for some years, and the fact that it has now been passed through the House in such a timely manner and is going on to the other House will send a clear signal to the effect that the new legislative base will be used by all, particularly by practitioners in many common ways. The fact that...

Leaders' Questions (16 Nov 2010)

Brian Hayes: Including Anglo Irish Bank.

Leaders' Questions (16 Nov 2010)

Brian Hayes: In everything the Government has done it has failed.

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