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Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: They are the new elect.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I am not convinced of the Minister of State's argument that the social partners are seeking to hold on to jobs. They appear to want to hold on to pay at a time when we all realise we must take our medicine as a consequence of the Government's mismanagement of the public finances. While I accept the economy operates in the global context and global events have impacted on the banking crisis,...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Our two main banks inform us they are extending credit lines. This is not true. Last week in my office I heard about a young fashion start-up group that enjoys significant sales and is seeking a loan of just €25,000 from Bank of Ireland to go on-line. The funding has not been made available to it. The sterling crisis is placing manufacturing businesses under major pressure. I am aware...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Did the Cathaoirleach give me notice?

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: I did not hear the Cathaoirleach.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: On education and the need to develop the knowledge and innovation economy, during a downturn one of the best activities in which one can engage is to invest in one's education. While I support the extension of the back to education allowance and the Skillnets programme, Ireland has large gaps in the area of high-end graduates. Google had to hire 20 high-end graduates abroad because the...

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: One of the reasons the potential for innovation remains untapped is that options in creative subjects are not available to students at second level. I thank the Cathaoirleach and apologise to Senator Buttimer.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Hear, hear.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Hear, hear.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: That is parochial politics.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: We had a construction boom.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: The recession was acknowledged two years after it began.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: It has been suspended. The Minister of State should tell the truth.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: Sorry.

Seanad: Economic Issues: Motion (28 Jan 2009)

Fidelma Healy Eames: That is different from the devolved scheme.

Seanad: Order of Business (28 Jan 2009)

Fidelma Healy Eames: Hear, hear.

Seanad: Order of Business (28 Jan 2009)

Fidelma Healy Eames: People are very concerned about the stability of our economy. Those I spoke to in Galway last weekend asked a fundamental, serious question. They wondered whether if the State guarantee on deposits had to be called on, the State would be able to pay. This question arises because the Minister for Finance was not honest with the people during the course of the debate last week on Anglo Irish...

Seanad: Order of Business (28 Jan 2009)

Fidelma Healy Eames: I ask the Leader to ask the Minister for Finance and the Taoiseach to outline a roadmap on where we are going and to outline the multi-annual plan to which Senator Donohoe referred and to include the worst case scenarios. We need to know what the back-up plan is if things go wrong. The Irish people have a right to know the real story. We cannot fool the people any longer. I call again for...

Seanad: Order of Business (28 Jan 2009)

Fidelma Healy Eames: That is the regulator's fault.

Seanad: Order of Business (28 Jan 2009)

Fidelma Healy Eames: How was it allowed to happen?

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