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

Martin Mansergh: I hope the Deputies opposite are interested in the answers.

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

Martin Mansergh: What are the consequences of not passing this order?

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

Martin Mansergh: The banks will not be able to access-----

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

Martin Mansergh: Your play-acting is contemptible. The banks will not be able to access longer-term debt, which is vital for providing a balanced funding profile for the banks.

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

Martin Mansergh: It would create uncertainty in the markets-----

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

Martin Mansergh: On a point of order, is it possible for a Minister to reply to a debate without being constantly interrupted? I listened to ferocious attacks on the Government and I did not breathe a word. I ask for the same respect in return. If the Deputy does not like what is being said, she can vote against it.

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

Martin Mansergh: Yes, I will answer in the manner I choose.

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

Martin Mansergh: The Minister makes a wrap-up statement on the debate, which may include answering questions.

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

Martin Mansergh: Does the Deputy think that if the Minister for Finance were here he would not read from a script?

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

Martin Mansergh: The Deputy has no interest in listening to answers to questions. I will wrap up this debate in the way I choose and I will answer questions-----

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

Martin Mansergh: The Deputy has decided to oppose this motion. I am simply spelling out the consequences of opposing the motion.

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

Martin Mansergh: The Deputy has made that point.

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

Martin Mansergh: I already answered the Deputy's question about when the scheme will commence.

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

Martin Mansergh: I have a raft of questions-----

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

Martin Mansergh: I hold no brief for nationalising banks, as has been well debated. The Labour Party nostrum of nationalising banks-----

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

Martin Mansergh: -----is not in the interests of our country's banking system. That is my answer.

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

Martin Mansergh: It is in the public interest not to nationalise the banks, if that can be avoided.

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

Martin Mansergh: I do not think there is any interest. The Deputy is only interested in asking rhetorical questions. She has no interest in the answers.

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

Martin Mansergh: I am not in the least stressed out. I just have a contempt for this manner of carrying out parliamentary proceedings.

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

Martin Mansergh: Will the Deputy give me the honour of five minutes' silence so I can answer the questions?

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