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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: So it will have a budgetary knock-on effect. If we are dealing with banking debt, in Professor Honohan's opinion, should it be passed on to those people who have been burdened with that banking debt initially?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: I acknowledge all of that. I would like to raise one last issue with Professor Honohan. The Central Bank issues licences to banks in order to participate in the Irish economy. Has Professor Honohan, at any stage, given an instruction to bank directors to conduct an internal inquiry as to whether they were in breach of their fiduciary duties at the time the banks collapsed? Some of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: I asked that question because of the housing crisis that currently exists in the country. It is unbelievable that we are talking about this three years later and how things have changed. As regards the affordability of houses, we are now back to 100% mortgages and stamp duty is being paid again. The banks are doing a great job of repairing their own balance sheets following the increases...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: From what I can see at the moment, the idea of stamp duty being paid by the bank is inappropriate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: I thank the Governor for attending. I was listening to him in my office. I wish to deal with three specific areas. I appreciate that the discussion is revolving entirely around mortgages at present. I will try to drill into it from a couple of different angles. Around March 2011, we looked at recapitalising banks. BlackRock identified approximately €9.4 billion had to be poured...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: Around €2.5 billion each. It might be higher.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: For both institutions. Were there terms and conditions attached to the giving of those funds? We hear quite often, particularly from Bank of Ireland, that the bank was provided with funds from the Government for the purpose of recapitalisation. We are told Bank of Ireland is repaying those funds and doing so at a profit to the Central Bank and State. I have a fundamental problem with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: Could I stop the Governor there? He stated the funding was provided for the purpose of meeting losses that might be unavoidable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Arthur Spring: I am of the opinion that many of these losses are essentially unavoidable under vanilla-style banking. However, when parking part of a loan and applying an interest rate to it, one is ultimately putting the debtor on the line forever and a day. If one were to apply logical banking terminology to this, one would not see a person being treated in the way that Bank of Ireland, in particular,...

Written Answers — Department of Finance: Tax Code (30 Apr 2014)

Arthur Spring: 114. To ask the Minister for Finance under the tax agreements with the United Kingdom, the obligation an Irish citizen residing in Ireland has to pay the USC to the Irish Revenue Commissioners on income from a UK pension. [19635/14]

Written Answers — Department of Communications, Energy and Natural Resources: Television Licence Fee Collection (30 Apr 2014)

Arthur Spring: 436. To ask the Minister for Communications, Energy and Natural Resources his views on introducing a seasonal TV licence for a period of three to four months for owners of mobile and holiday homes in view of the fact that many will already have paid the full TV in their permanent residence; and if he will make a statement on the matter. [19415/14]

Written Answers — Department of Health: Hospital Appointment Delays (30 Apr 2014)

Arthur Spring: 899. To ask the Minister for Health if his attention has been drawn to the waiting time for a public patient (details supplied) in County Kerry to receive an appointment for an eye operation in the South Infirmary-Victoria University Hospital in Cork; and if he will make a statement on the matter. [19496/14]

Leaders' Questions (17 Apr 2014)

Arthur Spring: We could say a great deal more about those in the Deputy's party.

Leaders' Questions (17 Apr 2014)

Arthur Spring: Those in Sinn Féin are cowards who would not go into government.

Written Answers — Department of Environment, Community and Local Government: Water and Sewerage Schemes Funding (17 Apr 2014)

Arthur Spring: 177. To ask the Minister for Environment, Community and Local Government if funding will be provided to replace the remaining pipe network in the mid-Kerry water supply scheme, in view of the number of interruptions to that water scheme in recent years. [18345/14]

Written Answers — Department of Transport, Tourism and Sport: Road Improvement Schemes (17 Apr 2014)

Arthur Spring: 269. To ask the Minister for Transport, Tourism and Sport if emergency funding will be provided to upgrade the condition of the stretch of road in County Kerry between Coolgarrive Cross and Coolcorcoran on the L3018 in the interest of public safety. [18348/14]

Written Answers — Department of Education and Skills: Residential Institutions Redress Scheme (15 Apr 2014)

Arthur Spring: 223. To ask the Minister for Education and Skills if there have been cases appealed to the review committee taken under section 15(4) of the Residential Institutions Redress Act. [17347/14]

Written Answers — Department of Education and Skills: Student Grant Scheme Eligibility (15 Apr 2014)

Arthur Spring: 262. To ask the Minister for Education and Skills the entitlement of a person (details supplied) to a student grant in order to further the applicant's education and career progression. [17919/14]

Written Answers — Department of Health: Nursing Homes Support Scheme Applications (10 Apr 2014)

Arthur Spring: 178. To ask the Minister for Health the position regarding an application for the nursing home support scheme in respect of a person (details supplied) in County Kerry. [17059/14]

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