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Written Answers — Department of Finance: Bond Redemption (23 Oct 2012)

Peter Mathews: To ask the Minister for Finance further to Parliamentary Question No. 175 of 9 October 2012, if this redemption was funded directly or indirectly, in whole or in part by increasing borrowing from the European Central Bank; and if he will make a statement on the matter. [45643/12]

Written Answers — Department of Finance: Mortgage Interest Rates (23 Oct 2012)

Peter Mathews: To ask the Minister for Finance his plans to ensure that there will be no further increase in interest rates for variable mortgage holders within AIB bank; and if he will make a statement on the matter. [46462/12]

Other Questions: State Airports (18 Oct 2012)

Peter Mathews: I have come to this debate late, but could Shannon Airport be a location for the Air Corps? It could be a base to help in the policing of fishing fleets and so on off the west coast. We could think laterally.

Other Questions: State Airports (18 Oct 2012)

Peter Mathews: The Air Corps could move from Baldonnel.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: It is like turning the clock back six years on income.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: They are moving targets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: We need a write-down, nothing more, nothing less.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: It is justified.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I just told the Minister that all of them, for instance, Mr. Schäuble and Chancellor Merkel, are backtracking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: Chancellor Merkel is backtracking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: Does the Chairman want to hear the truth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I am not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I am pressing for the truth.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: Excuse me, I led that charge.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: Not quite, but I will pause.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: It is different.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I thank the Minister for his response and the Chairman for his forbearance. I remind the committee that Mr. Trichet commented recently that the ECB-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: He has recently commented retrospectively that the ECB did everything it could, and more, for Ireland. That is totally misleading. This adds to the public debate in a misleading sense. It was the other way round; this country saved the eurozone. That is why it is justified to keep insisting and spearheading for a serious debt write-down and a write-off of the promissory note. In fact, it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I thank the Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Peter Mathews: I thank the Minister for his presentation and will start with the positive points. I congratulate him and his team on the productivity achieved, including the 7% reduction in salaries and the 7% pensions adjustment, which together amount to a reduction of 14%. We have to do this kind of housekeeping. The first half of the conversation today was with the Minister's colleague and mine, the...

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