Results 881-900 of 4,717 for speaker:Martin Mansergh

Seanad: Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I did not interrupt a word the Senator said.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: In regard to any link between the establishment of NAMA and the bank guarantee, these are among the suite of measures which have been introduced to stabilise the financial system and, in their totality, they will result in a reformed, reinvigorated and stable banking system, which can meet the needs of the economy. It cannot be repeated often enough that it is not a blanket guarantee but a...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I move: That Dáil Éireann approves the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 a copy of which draft scheme was laid before Dáil Éireann on 30 November, 2009. As Deputies will be aware, the Minister for Finance signalled in the supplementary budget in April last the Government's intention to revisit and make technical adjustments...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: He is not.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I am here to represent the Minister for Finance who, as the Deputy is well aware, is preparing a budget which is very important.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: It is entirely appropriate that he be represented here by myself.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: He is preparing his budget.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: Relating to budgetary matters.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I do deal with finance. Excuse me, I am the Minister of State at the Department of Finance.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I took some of the NAMA legislation, so I can take this too.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: The Deputy will have a vote on that.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: As Deputies will be aware, the House decided this morning that this would be a 50-minute debate. No amendments are contemplated. This was well signalled in advance and primary legislation was debated in June.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: The details were published on-line on 16 September.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: As Deputies will be aware, the Minister for Finance signalled in the supplementary budget last April the Government's intention to revisit and make technical adjustments to the bank guarantee in ways which would continue to underpin financial stability and also support banks in Ireland in accessing longer-term finance. In June this year, the House approved the Financial Measures...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I am something of an expert on French history and far from the Minister having learned nothing or forgotten nothing, he has had to do things which none of his predecessors has had to do. He has had to be enormously innovative. Respect for him has grown steadily during the period since he was appointed.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I am disappointed with the very derogatory manner in which he has been spoken of, particularly by Deputy Burton.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: Deputies asked when the scheme will commence. It will be as soon as possible, most likely tomorrow. Given that the House will make a decision on this matter in about ten minutes, it is important to outline the consequences of not passing this order. They are that the banks would not be able to access longer term debt, which is vital to providing a balanced-----

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I listened to the Deputy in total silence.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I am answering questions.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: What about giving me a chance to do so?