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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: Sanctions can be attached to them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: I thank Mr. Carrigan.

Written Answers — Department of Social Protection: Mortgage Arrears Proposals (9 May 2013)

Stephen Donnelly: 127. To ask the Minister for Social Protection if she disclose the full details of the web traffic for the Citizens Information Board's website keepingyourhome.ie, detailing unique visitors, pageviews, bouncerates, average visit duration,new vs returning visitors, traffic sources, page popularity and so on; and if she will make a statement on the matter. [22111/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Does the Government have any plans to undertake such an exercise in respect of the Irish banks, or is the plan to await the European initiative?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Will the Minister respond to the points regarding the proposed financial transaction tax and the deposit guarantee scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Has such an analysis been done specifically for Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Is it the Minister's expectation that our deposit guarantee scheme will be a funded scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Will there be a pot of funding for that purpose?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I am happy to give a presentation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: My understanding is that we will be on the hook for about 1% of €11.2 billion, €110 million approximately. Is that €110 million already included in the 2013 Estimates or will it be an additional item? My second question is to pick up on the financial transactions tax, FTT. Has an impact analysis - a cost-benefit analysis - been carried out? If so, is the Minister in a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Did Deputy Murphy hear that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Yes. My understanding is that we will pay about €100 million, or approximately 1% of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Is there a probability of an additional €90 million on top of the current Estimates?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I accept that the Minister cannot give an answer now. Notwithstanding the individual, about which, I have very strong feelings, if that decision is allowed stand it is, economically speaking, very serious because this guy put €450,000 into a six-year savings account. He was able to get out his 25%. It was taxed as the pension funds were taxed at 0.6% a year so it is cash recognised...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I thank the Minister for his detailed statement. He asked for observations and questions. I will make one observation and then put some quick questions. I strongly support the Minister’s position on the primacy of deposits. It seems like an odd thing. It does not pass any common sense test that people who put a few quid in the bank should be on a par with professional investors....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I should clarify my point. I was talking less about flexibility on the 3% structure or whatever but more about flexibility on changing the metrics, if needed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Exactly, there is a serious difficulty. Let us put that case aside because this is not the forum for an individual case. A very serious issue arises if the Minister, going in as President, sees that a ruling has just been made here about pension funds. I am not talking about a basket of equities but money that a guy has deposited in the bank which is deemed outside the remit of the scheme...

Written Answers — Department of Finance: Banking Sector Issues (7 May 2013)

Stephen Donnelly: 122. To ask the Minister for Finance if he will provide a copy of the Crisis Management Manual, also known as the Black Book, as it existed at the end of 2006 and/or as redrafted during the period August 2007 to September 2008 under the auspices of the Domestic Standing Group, as referenced in the Honohan Report and the Nyberg Report (details supplied); and if he will make a statement on the...

Organ Donation: Motion [Private Members] (1 May 2013)

Stephen Donnelly: I start by congratulating Deputy Fleming on putting down this very sensible motion. It is fantastic that we have the time in the Oireachtas to raise it. As I examined the statistics of the issue, I was most puzzled by the fact we do not have a donation programme, and it is obvious that this is the right way to go. There is no compunction on anybody to be a donor and it is a very simple...

Land and Conveyancing Law Reform Bill 2013: Second Stage (Resumed) (1 May 2013)

Stephen Donnelly: I will finish now. I apologise, as I thought the Acting Chairman would tell me when I had two minutes remaining.

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