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Order of Business (30 Nov 2010)

Brian Cowen: In respect of the NPRF, as the Deputy is aware, there is already legislation in place that enables the fund to be used for banking, for example, in AIB and Bank of Ireland.

Order of Business (30 Nov 2010)

Brian Cowen: The power to direct the NPRF Commission is there.

Order of Business (30 Nov 2010)

Brian Cowen: There is also the question of looking at all of the legislative requirements that would arise. We would look to the co-operation of the Opposition the week after the budget to facilitate that and to accelerate the re-organisation. It is in everyone's interest now that we have available to us the funds that will be required to accelerate and deepen the reforms of the banking system, as has...

Order of Business (30 Nov 2010)

Brian Cowen: Can I make a point?

Order of Business (30 Nov 2010)

Brian Cowen: There is no question of NPRF money going into Anglo Irish Bank, if that is the consideration. As to the other consideration that the Deputy mentioned concerning derivatives, this issue first came up when Deputy Rabbitte spoke on radio on Sunday. It was conveyed as being a revelatory matter. In fairness, whatever point Deputy Rabbitte was seeking to make, it was cleared up by the Governor...

Order of Business (30 Nov 2010)

Brian Cowen: Legislation will be required and it will be brought forward as a post-budget matter. I understand it is agreed by everyone that there should be a review of the whole REA system as well.

Order of Business (30 Nov 2010)

Brian Cowen: On the basis that this issue must be addressed, there is also the issue of the minimum wage. We still have a minimum wage that is one of the highest in Europe and it has been raised in excess of inflation. These are difficult points and difficult structural reforms that have to be considered and implemented in the circumstances in which we find ourselves, but we need to proceed to make sure...

Order of Business (30 Nov 2010)

Brian Cowen: It is a long sentence. I know exactly what question Deputy Ó Caoláin is asking, but I did not think it would take him so long to ask it. I can answer it.

Order of Business (30 Nov 2010)

Brian Cowen: I feel like Bruce Grobbelaar. I will try to put the Deputy off in a minute.

Order of Business (30 Nov 2010)

Brian Cowen: I have responded to this already. There is an issue on appeal to the Supreme Court and it needs to be clarified for the purpose of providing certainty regarding whatever laws are made in the future if we decide there should be a definitive timeframe within which by-elections are held. This is not the case under statutory law at the moment, but it should be decided and we need to have a...

Order of Business (30 Nov 2010)

Brian Cowen: I have given my reply. The Deputy may not agree with it but that is my reply.

Order of Business (30 Nov 2010)

Brian Cowen: Which does he want? He wanted a general election a few minutes ago.

Order of Business (30 Nov 2010)

Brian Cowen: He wants the three by-elections first and then a general election. The Deputy should go off to the Politburo and find out what they want. Gerry wants a general election. We are getting mixed messages here.

Order of Business (30 Nov 2010)

Brian Cowen: There is no legislation.

Order of Business (30 Nov 2010)

Brian Cowen: There is no legislation promised, I understand.

Order of Business (30 Nov 2010)

Brian Cowen: It is intended-----

Order of Business (30 Nov 2010)

Brian Cowen: As I said, it is intended to deal with that legislation before Christmas. We had to provide for statements here in relation to current matters. We are trying to accommodate everyone. We also have a Social Welfare Bill that has to be passed before the budget as well.

Order of Business (30 Nov 2010)

Brian Cowen: It is not about replacing it, but rather of trying to get through all the business, and we will get through that as well.

Order of Business (30 Nov 2010)

Brian Cowen: I have told the Deputy about this on a number of occasions - let us be fair about this now. We have important issues to deal with, including any queries Deputies have, but I have answered this question about the Central Bank consolidation Bill for the Deputy at least three times in the last two months, and for many others as well. Is it believed in this House that this is a good way to...

Order of Business (30 Nov 2010)

Brian Cowen: I have indicated to Deputy Durkan, and I will always be courteous to a colleague-----

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