Results 43,761-43,780 of 51,063 for speaker:Micheál Martin

Written Answers — Foreign Conflicts: Foreign Conflicts (30 Mar 2010)

Micheál Martin: Ireland takes an active interest in the successful resolution of the Cyprus problem. The United Nations has the lead role in the search for a comprehensive settlement. The Government fully supports the leadership of the UN Secretary General Ban Ki-moon in this important work. He visited Cyprus last month to meet leaders of the two communities and encourage them to intensify their efforts to...

Written Answers — Lisbon Treaty: Lisbon Treaty (30 Mar 2010)

Micheál Martin: The Lisbon Treaty entered into force on 1 December 2009, following its ratification by all EU Member States. A number of measures are now required to give full effect to the Treaty and the Spanish Presidency has attached the highest priority to this work. This task has been greatly facilitated by the preparations for the Treaty's entry into force which included the election of Herman Van...

Written Answers — Passport Applications: Passport Applications (30 Mar 2010)

Micheál Martin: The application for this person was registered in the Passport Office in Balbriggan (PPOB) on 4 March, 2010. As result of disruptions to passport services due to industrial action, there was a delay in the processing of this application. On 23 March, the application was checked for passport entitlement. Unfortunately, the application could not be finalised for passport issue because the...

Written Answers — Departmental Reports: Departmental Reports (30 Mar 2010)

Micheál Martin: The Special Group on Public Service Numbers and Expenditure Programmes made a number of recommendations to Government in respect of my Department. These were considered in the context of this year's budget and public service estimates and it was decided to implement a number of them in full or in part. Recommendation in the report of the Special Group Comment Overseas Missions savings A...

Banking System: Motion (30 Mar 2010)

Micheál Martin: We would have to hand back the medals in due course after the doping tests.

Banking System: Motion (30 Mar 2010)

Micheál Martin: I wish to make a number of comments. Much has been said in the debate. I concur with the comments of the Minister for Finance who described the figures involved as horrifying. The steps the Government has taken and those proposed by the Minister today represent policy of substance in leading our way out of the banking crisis. I have been disappointed by the quality and substance of the...

Banking System: Motion (30 Mar 2010)

Micheál Martin: The overall NAMA solution has received significant national and international endorsement. Commissioner Almunia, in his previous role as Commissioner for Economic and Monetary Affairs, stated that NAMA should be approved as quickly as possible. That was in October last. In his current role as Competition Commissioner he approved NAMA last Friday. Of the investment community 80% of...

Banking System: Motion (30 Mar 2010)

Micheál Martin: The list goes on. The International Monetary Fund, for example, was supportive of the efforts to restructure the financial sector, including the decision to establish the National Asset Management Agency. Other leading commentators who have stated their support include Mr. Kevin Gardiner of Barclay's Wealth who said, contrary to what Deputy Noonan indicated, that the Government has acted...

Banking System: Motion (30 Mar 2010)

Micheál Martin: I did not interrupt anyone from across the floor.

Banking System: Motion (30 Mar 2010)

Micheál Martin: I pose the question to the Opposition spokespersons. Have all of those people got it wrong in terms of the correct solution to the banking crisis? What has been absent from the Opposition has been any substantial policy alternative to the NAMA vehicle.

Banking System: Motion (30 Mar 2010)

Micheál Martin: I listened extensively, without interruption, to Deputy Bruton's contribution.

Banking System: Motion (30 Mar 2010)

Micheál Martin: I hope I get extra time. This tactic is going on and on and it is ridiculous.

Banking System: Motion (30 Mar 2010)

Micheál Martin: The only comfort in the interruptions is the knowledge that what I say rings true and is hurting. I listened to both Deputy Bruton and Deputy Burton. Deputy Bruton focused on the situation in Anglo Irish Bank. Fine Gael needs to recall it supported the State guarantee at that point and did so as it saw a need for safeguarding. Considering that it supported the guarantee and voted for it,...

Banking System: Motion (30 Mar 2010)

Micheál Martin: -----that any immediate wind-up would lead to a fire sale of assets resulting in a permanent additional and unnecessary loss of upwards of €30 billion. In addition, the State would have to provide a large sum of cash in the order of €70 billion up-front "to meet the deposits, bondholders and liabilities due to the Eurosystem". That is a fact.

Banking System: Motion (30 Mar 2010)

Micheál Martin: That is the one fact Deputy Bruton avoided in his contribution. In his entire contribution, he ignored the reality-----

Banking System: Motion (30 Mar 2010)

Micheál Martin: -----of what would happen if today-----

Banking System: Motion (30 Mar 2010)

Micheál Martin: The critique is about today's proposals-----

Banking System: Motion (30 Mar 2010)

Micheál Martin: He studiously avoided the core point, namely, the cost of winding up Anglo Irish Bank, forgetting it and endeavouring to pretend one can go on-----

Banking System: Motion (30 Mar 2010)

Micheál Martin: -----apart entirely from the default situation.

Banking System: Motion (30 Mar 2010)

Micheál Martin: I am addressing the Chair and am looking at the Acting Chairman intently. Economists have known since the Great Depression of the 1930s that the meltdown of any bank, a large bank in particular, can have catastrophic effects on the economy and citizens' welfare.