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Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: I never opened my mouth to the Senator, not once during his speech.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: No, I will not. Shut up.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: I ask the Senator to allow me to continue.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: Is Flann O'Brien a Senator?

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: We do have wealth taxes, which the Government is increasing from 30% to 33% this year. There is also a capital acquisitions threshold reduction of ¤130 million. That is in conjunction with the property tax, which will bring in over ¤600 million. That is a lot of money coming in. With regard to pension funds, there are a small number of very wealthy people who will not have the...

Seanad: Credit Union Bill 2012: Second Stage (4 Dec 2012)

Michael D'Arcy: Next Tuesday.

Seanad: Credit Union Bill 2012: Second Stage (4 Dec 2012)

Michael D'Arcy: I welcome the Minister of State back to the House. He seems to be spending a great deal of time in the Seanad lately. In fact, he is spending as much time here as he did when he was a Member.

Seanad: Credit Union Bill 2012: Second Stage (4 Dec 2012)

Michael D'Arcy: I welcome the Bill which is a necessary measure. It is also welcome that the Minister for Finance, Deputy Michael Noonan, is prepared to take on board a large number of amendments to it. The credit union movement is perhaps one of the best examples of the work done within the voluntary sector in Ireland. It is organised and almost like a terrorist organisation in that it operates on the...

Seanad: Order of Business (4 Dec 2012)

Michael D'Arcy: I raise the matter of the repossession of property. I have just left the family home of the people concerned. It is terrible to see people trading on the fringes of the law - I would go so far as to say trading on criminality - breaking into somebody's property, stealing property, with no paperwork whatsoever, and threatening family members, including a 16 year old boy, that if he made a...

Seanad: Order of Business (4 Dec 2012)

Michael D'Arcy: Nothing has been done in this area. It is not the Government that exclusively makes laws in this or the other House, it is us.

Seanad: Order of Business (4 Dec 2012)

Michael D'Arcy: The issue is not that difficult to deal with. The law is quite clear on how to repossess property. The only person who has the legal authority to enter a person's property is a representative of the county sheriff, following a court order, and following a second order, that order has to be implemented and then the county sheriff has the legal right to enter a person's property. The...

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Michael D'Arcy: If memory serves me correctly, Fine Gael had a reason for not being too happy with this scheme at the time. Through this guarantee for the banks, the State was taking on a liability of ¤375 billion. No matter how one views it, though, it is turning out to be a success because the liability has been reduced to ¤78 billion. That is some reduction. However, it has come at a price....

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Michael D'Arcy: We pulled on the national jersey because, on the basis of the information provided to us, it was the right decision to take.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Michael D'Arcy: That guarantee, the Credit Institutions (Financial Support) Scheme, CIFS, led to this guarantee. It is the same. While some of what the Senator claims is correct, he should try to be fair and reasonable to those of us who pulled on the jersey.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Michael D'Arcy: The murky deal was done on the night of 29 September 2008.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Michael D'Arcy: I apologise. With the exception of the Labour Party, almost everyone got aboard that train, including Sinn Féin. When we got into government, we took the position of meeting the troika, the Central Bank and others - those who are funding this State - and telling them that we were not satisfied. I was not a party to those conversations, but I do not doubt that the people guaranteeing more...

Seanad: Personal Insolvency Bill 2012: Second Stage (21 Nov 2012)

Michael D'Arcy: Is he still awake?

Seanad: Fiscal Responsibility Bill 2012: Committee and Remaining Stages (20 Nov 2012)

Michael D'Arcy: At 10.30 a.m. tomorrow.

Seanad: Fiscal Responsibility Bill 2012: Committee and Remaining Stages (20 Nov 2012)

Michael D'Arcy: It is important to remember one caveat, namely, that where the political masters in power choose to ignore the advice offered, such advice becomes completely irrelevant.

Seanad: Fiscal Responsibility Bill 2012: Second Stage (14 Nov 2012)

Michael D'Arcy: Senator Darragh O'Brien did not say an awful lot about the legislation.

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