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Leaders' Questions (19 May 2009)

Brian Cowen: Deputy Kenny must go back to the drawing board if he thinks he will provide leadership in this situation.

Leaders' Questions (19 May 2009)

Brian Cowen: What we are proposing has been tested and tried elsewhere.

Leaders' Questions (19 May 2009)

Brian Cowen: We are stating clearly-----

Leaders' Questions (19 May 2009)

Brian Cowen: -----that we intend to get it right. We will get it right and that is what we will do.

Leaders' Questions (19 May 2009)

Brian Cowen: No, it is not, which is the answer to that question obviously. It is obvious that, as has been said by Dr. Somers, we are in uncharted territory. It is necessary for us to bring forward what is a very important and complex piece of legislation. It is necessary in the interests of trying to restore the sort of credit in the system that we need to see and to get businesses back up and...

Leaders' Questions (19 May 2009)

Brian Cowen: I think that what Dr. Somers was pointing out was the importance of getting this right. That is precisely-----

Leaders' Questions (19 May 2009)

Brian Cowen: He is talking about the importance of getting it right and he highlighted the issues that have to be addressed. We intend to address all of those issues. Obviously, we have a steering group in place. It includes the representatives of the Department of Finance, the Office of the Attorney General and the NTMA, including Brendan McDonagh, who unfortunately was unable to attend the committee...

Leaders' Questions (19 May 2009)

Brian Cowen: No. Action.

Leaders' Questions (19 May 2009)

Brian Cowen: The problem is that Deputy Gilmore does not have a clue, because it is very simple. At the very first meeting which was held-----

Leaders' Questions (19 May 2009)

Brian Cowen: They do not want me to answer the question. That is the point.

Leaders' Questions (19 May 2009)

Brian Cowen: They do not want an answer to the question. The issue, very simply, is this. I have been asked when the legislation will be published. I told the House the heads of the Bill will be with the Government in June. We will then proceed-----

Leaders' Questions (19 May 2009)

Brian Cowen: Yes, it is urgent, and it is a very complex and arduous task. In the interim, the legislation is being driven, devised and worked on by a steering group involving the Office of the Attorney General, the Department of Finance and NTMA. I do not see what the problem about that is because that is how one goes about doing anything in a logical fashion, given the fact one requires the...

Leaders' Questions (19 May 2009)

Brian Cowen: That is what I said on the record of the House. The legislation will be put in place in parallel with that. Deputy Gilmore is saying there should be no action at all until the enactment takes place.

Leaders' Questions (19 May 2009)

Brian Cowen: It is my idea. Deputy Gilmore's idea is a temporary nationalisation, which his candidate in the Dublin South by-election suggested could last for 20 years. He said that if it involved 20 years, so be it - that is his idea of a temporary nationalisation. So much for no ideology in the Deputy's party. Regarding what we are trying to do and what we will do, we will proceed in line with EU...

Leaders' Questions (19 May 2009)

Brian Cowen: In the meantime, as NTMA has done time out of number, we have put together a team of people who will work through the National Asset Management Agency management of that portfolio on the basis of the criteria we outlined. It was made very clear, at the very first press conference in NTMA, despite what the Deputy suggested about there being something new, that performing assets as well as...

Order of Business (19 May 2009)

Brian Cowen: It is proposed to take Health Insurance (Miscellaneous Provisions) Bill 2008 - Order for Second Stage and Second Stage. It is proposed, notwithstanding anything in Standing Orders, that Private Members' business shall be No. 35, Central Bank and Financial Services Authority of Ireland (Protection of Debtors) Bill 2009 - Second Stage, and the proceedings on the Second Stage thereon shall, if...

Order of Business (19 May 2009)

Brian Cowen: The programme for Government is implemented on the basis of availability of resources, as is every programme for Government. I outlined to the House last March, when I was asked about the programme for Government, that it was necessary for us to set priorities based on the fact there were new economic circumstances. It is timely, in the midway term of a Government, to do a review of the...

Order of Business (19 May 2009)

Brian Cowen: I am informed by the Chief Whip that no decision has been taken on the date for the Dáil summer recess. We came back a week earlier at Easter than was originally intended. I made that proposal, which was accepted by the House. On the programme for Government, the Deputy can take it that the programme for Government will continue to inform the work of Government. He will be notified in due...

Order of Business (19 May 2009)

Brian Cowen: When it happens.

Order of Business (19 May 2009)

Brian Cowen: I have indicated when we hope the heads of the NAMA Bill will be brought to Government for consideration. It then depends on the detailed advices of the Attorney General thereafter. We will proceed with the Bill as quickly as is possible. It is a complex and important piece of legislation that has to be got right. As I outlined in Leaders' Questions, and as the Minister for Finance has...

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