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Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: In fairness to Senator MacSharry, he has been consistent on the issue of mortgage arrears. However, I strongly urge more caution and less haste.

Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: We are discussing arrangements between banks and their clients that were entered into voluntarily. We know there are far too many mortgages in difficulty and they are becoming a bit of a problem.

Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: Senators should pay heed to the Governor of the Central Bank who has made a strong statement on this matter. As Senator MacSharry is well aware, urgent discussions between the Central Bank and banks are taking place as we speak. The Governor of the Central Bank is upset that, despite everything that has occurred, the banks have not yet produced a policy for dealing with these matters. He...

Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: It is understandable that Senator MacSharry and his party would try to heighten-----

Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: Yes, I will ask it in a second. As the Cathaoirleach is aware, brevity is my middle name. I ask him to be patient for a moment. If the banks do not produce a policy, the Central Bank will issue them with a directive. It has been slow to do so for the very reason that the banks would then absolve themselves of all responsibility and implement the directive across the board, perhaps in a...

Seanad: Order of Business (13 Feb 2013)

Paul Coghlan: I ask the Leader not to accept the proposed amendment because this is not a matter for the Minister for Finance and discussions between the Central Bank and banks are ongoing.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: The President sent the Pope a letter.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: We are all in the one boat.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: That was more of a statement.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: He did not call on the Government, he called on the banks.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: That is a lot of money.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: Hear, hear.

Seanad: Order of Business (12 Feb 2013)

Paul Coghlan: I join with the Taoiseach and Tánaiste in expressing my sincere good wishes to the Holy Father, Pope Benedict XVI, on his declaration yesterday of his intention to retire. This is something to which he gave much careful consideration. In common with the views of many others, I believe that his declaration arose from a deep sense of duty to the office he holds. He provided strong...

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: It is good to note Members are alert having been in the House until 6 a.m. That we have rehashed the issue debated last night is probably understandable.

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: I do, which goes without saying. As the Cathaoirleach might say, it is a sine qua non. We all know a deal was effectively negotiated which I hope will be signed off on today, but if not, we must be patient for a little longer. Much has been said about what was inherited from a previous Administration, including I think by Senator Mary White. It could have happened to any Administration...

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: I hope the deal is signed off on today or if not, it may take a while longer. I ask the Leader to arrange for a debate on whatever deal is agreed in Frankfurt.

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: We heard it all last night.

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: That is an exaggeration.

Seanad: Order of Business (7 Feb 2013)

Paul Coghlan: I urge the Senator to hold his whist a while.

Seanad: Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)

Paul Coghlan: That is not on the section.

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