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Order of Business (30 Nov 2010)

Brian Cowen: I have indicated to him on a number of occasions that the Central Bank consolidation Bill would be coming in next year and that there was another Bill of greater priority and importance. Consolidation Bills, by their very nature, are fine in the context of improving the legal framework over time, but that is not an issue of greatest import regarding Central Bank reform.

Order of Business (30 Nov 2010)

Brian Cowen: I have made that point on a number of occasions, and I do not see the value of us continuing to inquire about this. There must be some means of being able to circulate to Members what the up-to-date position is regarding pending legislation. We spend a great deal of time on these matters, a Cheann Comhairle, and-----

Order of Business (30 Nov 2010)

Brian Cowen: -----not to much effect, since it is simply a matter of repeating information that I might have given 24 hours previously.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: I rise this evening to seek to bring to the attention of the House the agreement reached in relation to a financial package with our EU partners and the IMF. The key message I would like to convey is that as things stand Ireland is funded until the middle of next year but the current cost of new borrowing is not affordable for us. This agreement ensures that Ireland has secure access to the...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: It is not a question of blaming anyone. I will deal with the issues as they are.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: I am making my contribution now and will listen attentively later to what Deputy Gilmore has to say. I do not believe it is in the interests of this country that we conduct political debate at that level on issues of such urgent public importance. There is a lot more in us and far more substantive critiques to be made than simply heading for the cheapest jibe or the biggest headline that...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: We will have an increasing measure of ownership by the Irish public in our existing banking system, following whatever capitalisation that emerges. We will have to wait and see how that works out in the coming weeks and months. To suggest that we set up another bank to take funds from existing Irish banks, and weaken the banks that we are trying to ensure do not falter, is not a very...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: The Deputy should send it over to me as soon as she can.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: The aim of the facility we have brought forward is to make sure that we have an adequate funding mechanism so that this economy, which is stabilising, can provide growth and jobs for the future. Without that, there are no prospects for us to achieve those objectives. If the Opposition's view is that there is a better deal available and it wishes to paint that picture, I would like to hear...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: It does not exist.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: He recommended acceptance of the loan. He made the point about insurance in the context of were such a scheme available. One is not available.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: At least we know the Deputy's strategy anyway.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (30 Nov 2010)

Brian Cowen: Who is the lawyer?

Written Answers — Departmental Expenditure: Departmental Expenditure (30 Nov 2010)

Brian Cowen: The table below details my Department's 2010 Estimate Provision and expenditure from 1st January to 29th November 2010. Department Estimate Provision for 2010 & Outturn as at 29th November 2010 Subheads Estimate Provision 2010 €,000 Expenditure to 29th Nov, 2010 €,000 A1 Salaries, Wages & Allowances 12,781...

Written Answers — Energy Resources: Energy Resources (30 Nov 2010)

Brian Cowen: The energy costs for my Department in the period requested are set out in the table beneath. Year Cost (€) 2008 242,832 2009 251,869 2010 (to date) 226,036 My Department's energy needs are met as part of the system for the Government Buildings complex which includes the Department of Finance, the Department of Agriculture, Fisheries and Food, the Department of Enterprise, Trade and...

Leaders' Questions (30 Nov 2010)

Brian Cowen: Where is the question?

Leaders' Questions (30 Nov 2010)

Brian Cowen: I am waiting for a question.

Leaders' Questions (30 Nov 2010)

Brian Cowen: It is a joke.

Leaders' Questions (30 Nov 2010)

Brian Cowen: We have funding for this State's requirements up to July of next year. There are choices available to this country. If Deputy Kenny's view is that this deal should not be taken up, I ask him where he expects this State to get funding. It is clear that the secondary markets are charging over 9% for money at the moment-----

Leaders' Questions (30 Nov 2010)

Brian Cowen: -----whereas this deal offers money for 5.8%. The second point I would make to Deputy Kenny is that this country now has the ability to draw down funds. We can now find the room and space in which to pursue a policy pathway that will enable us not only to stabilise the economy, but also to look for growth in the economy in the years ahead. It is a question of trying to find a means of...

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