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Seanad: Order of Business (10 Nov 2011)

Paul Coghlan: It is ongoing on a daily basis. The matter is under constant review. We were assured of this again yesterday following the meetings. Senator Bacik raised an important issue. I am pleased she was in contact with the Department of Foreign Affairs and Trade this morning on behalf of all of us. It appears that the Israelis have illegally arrested 14 of our citizens, seven of whom they...

Seanad: Order of Business (10 Nov 2011)

Paul Coghlan: There should be proper assessment. Interest groups were leading it. Senator O'Brien knows all about that because it is akin to the developer-led planning that Fianna Fáil favoured for so long and which led us into the property bubble and the calamity we are now in. I look forward to the support of the Leader in these matters.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: Our friend and colleague opposite, Senator O'Brien, is getting a little over-excited these mornings, if I may say. That is allowed and that is democracy and parliamentary procedure.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: I think he is right-----

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: -----that on all sides we agree that we want to see the interest rate reduction passed on to the consumer. However, there is a significant difference between what the Senator referred to as State-owned banks because while the taxpayer's equity in AIB is perhaps 89% or thereabouts, it is only 15% in Bank of Ireland.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: I was going to develop the point. We have public interest directors and particularly in the case of AIB, which is practically owned by the State, there should be a lot more than two public interest directors, I would argue. Bank of Ireland also has two public interest directors. A director's first duty is to the institution but we would hope that public interest directors would have a...

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: I support what Senator Bacik proposed in regard to the recent comments by the Director of Public Prosecutions which were very interesting and particularly with regard to white collar crime. The sad aspect is that this State, in my view, failed in supervising the banks to ensure a clear-out of all the people who were culpable, both at board level and at senior management level. This never...

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: A few of them are remaining.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: We have a concern about the 2,000 people who have been spoken about-----

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: -----in AIB who may lose their positions.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: There are many good people working in these institutions at all levels-----

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: I have a question. I am supporting the call made by Senator Bacik in regard to a debate on the DPP, now that we are having a change in the DPP-----

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: That has nothing to do with it.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: We have to be orderly and I am always orderly, I hope.

Seanad: Order of Business (9 Nov 2011)

Paul Coghlan: I am supporting that call and I am sure the Leader will be obliging in this regard.

Seanad: Order of Business (8 Nov 2011)

Paul Coghlan: I join with other Senators in welcoming Senator Norris back to the House. I have no doubt he will continue to engage in matters here with renewed vigour, as evidenced earlier. I congratulate Michael D. Higgins, our President elect. I attended a function in Galway at the weekend. The election of Michael D. Higgins as President has caused great pride in Galway. He performed very well in...

Seanad: Order of Business (8 Nov 2011)

Paul Coghlan: We must acknowledge the good work done. The memorial weekend was recently held, at which the fifth humanitarian award was presented. Perhaps Senators would like to join me next year in Killarney. I extend an invitation to all for that weekend.

Seanad: Order of Business (8 Nov 2011)

Paul Coghlan: We are holding onto the mission.

Seanad: Order of Business (27 Oct 2011)

Paul Coghlan: We should all be calm because, no doubt, a debate will follow once we have had a statement from the Taoiseach when he gets home. I am sure the Leader will facilitate such a debate and I ask him to do so. Overall, Senators Mullen and Quinn undoubtedly caught the mood. This is good news for us and the markets have already indicated that. The most important element of it is the huge increase...

Seanad: Order of Business (27 Oct 2011)

Paul Coghlan: Let us wait until we see all the details. I have great time for the Senator's party leader here, Senator Darragh O'Brien, but they should exercise more caution and less haste in levelling criticism.

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