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Seanad: Budget 2013: Statements (5 Dec 2012)

Mark Daly: Did the Government even ask the troika?

Seanad: Order of Business. (5 Dec 2012)

Mark Daly: I support Senator Norris's call for a debate on the issue of the promissory notes. We all recall the famous cry "It's Labour's way or it's Frankfurt's way" and we all know who won that battle.

Seanad: Order of Business. (5 Dec 2012)

Mark Daly: We also recall the statement by the Minister for Transport, Tourism and Sport that not one red cent more would be put into our banks. He was correct. The Government did not put one more red cent into the banks but instead put in many billions of red cents. We know about broken promises and the posters erected prior to the election about protected child benefit. Tomorrow we will see how...

Seanad: Order of Business. (5 Dec 2012)

Mark Daly: -----will make a bad situation worse?

Seanad: Order of Business. (5 Dec 2012)

Mark Daly: Will the Deputy Leader organise a debate on the repayment of the promissory notes? It will be repaid to our masters in Frankfurt, which the Labour Party said would not happen. I refer to the issue of mortgage arrears. A total of 27% of mortgages have either been restructured or are in arrears. The property tax, which will be announced in the budget, will worsen the situation for many...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: I congratulate my colleagues for bringing forward this amendment and thank the Minister for taking the proposal on board. As has been pointed out, there are many people going to the United Kingdom in what has been referred to as bankruptcy tourism. I am aware that there are moves afoot in England to extend the term and perhaps that is what is motivating the Minister in that regard. It does...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: On amendment No. 85 which relates to the five and one-year reviews, it is important that this be-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: I will come back to the matter.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: I move amendment No. 90: In page 75, subsection (1), line 30, to delete "5 years" and substitute "1 year".This amendment seeks to ensure the Minister would request a review after one year rather than after five, which is a long time. I appreciate that the proposed one-year timeframe might be somewhat short, but I ask the Minister to give the House his view on it. The current wording which...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: I move amendment No. 79: In page 72, subsection (1)(e), line 39, to delete ?3 months? and substitute ?6 months?.I would like the Minister to give his view with regard to changing the period from "3 months" to "6 months".

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Mark Daly: I support Senator Quinn's comments. It is a good proposal and I welcome the Minister's response. Perhaps an obligation could be placed on the debtor when opening an account to inform all parties to the insolvency arrangements.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: Regarding the ruling of the Chair on our amendments-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: We are not doing that.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: I asked the Minister for details, but-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: -----all he is giving us is speeches.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: That would be great, but yesterday I asked the Minister-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: -----for details of the minutes of the banks' lobbying of him-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: -----but he refused to give them.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: Is the Minister willing to provide the House-----

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Mark Daly: -----with the details of the minutes of his meetings with the banks?

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