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Seanad: Order of Business (23 Nov 2010)

Paul Coghlan: We are at a crossroads in our history and people are naturally concerned about our currency and the banks. I say to Senator Boyle that, perhaps, contrary to the intention, his party's action spooked the international markets.

Seanad: Order of Business (23 Nov 2010)

Paul Coghlan: That was the net result. We cannot live and trade without a functioning banking system. What happened yesterday increased the urgency of getting agreement on the package, the loan facility the country so desperately needs. I hope much of the €80 billion or €90 billion will be seen as a standby facility that we will not need to draw down. However, because of what the Green Party did...

Seanad: Order of Business (23 Nov 2010)

Paul Coghlan: ——the Opposition parties must be consulted on that package. They must be involved in the talks with the European Commission, the ECB and the IMF because, please God, they will shortly have a mandate to govern sensibly for the people in the next four or five years. Nevertheless, yesterday was a sad day.

Seanad: Death of Member: Expressions of Sympathy (17 Nov 2010)

Paul Coghlan: I would like to be associated with all the warm and genuine tributes paid to Kieran. He was everything that has been said of him. He was always good humoured, a very fine, decent fellow and a fine, loyal colleague, as has been said. He was totally dependable and trustworthy. The previous speakers have all attested to that. He was definitely very warm and generous and we all had such...

Seanad: Death of Member: Expressions of Sympathy (17 Nov 2010)

Paul Coghlan: The Senator means he was poaching.

Seanad: Order of Business (17 Nov 2010)

Paul Coghlan: Is the Leader choreographing matters?

Seanad: Order of Business (17 Nov 2010)

Paul Coghlan: As I stated yesterday when we learned of the meetings that were to take place yesterday and today, whatever is on offer should be accepted because there is a crisis of confidence and the matter is being drawn out unnecessarily. It is this that is causing uncertainty and a continuing lack of investor confidence in and speculation against Ireland and other countries. It is also giving rise to...

Seanad: Order of Business (16 Nov 2010)

Paul Coghlan: We could hardly abandon the currency.

Seanad: Order of Business (16 Nov 2010)

Paul Coghlan: I join others in urging the Leader to arrange the debate tomorrow when we have the outcome of the euro group and ECOFIN meetings. There is not a problem, as we understand it and as we think we know it, with the country. It is fully funded until the middle of next year. This problem, against which Ireland has been speculated, concerns our banks because they lack investor confidence. It is...

Seanad: Order of Business (16 Nov 2010)

Paul Coghlan: Senator Ellis was not meant to say that from that side.

Seanad: Order of Business (11 Nov 2010)

Paul Coghlan: On a point of order, is it not in order, without prior notice, to propose an amendment to Standing Orders?

Seanad: Order of Business (11 Nov 2010)

Paul Coghlan: I support the remarks made by Senators Twomey and Boyle. I understood the Leader had already committed to having regular debates on the economy and the difficulties facing us. With regard to our largest bank, Allied Irish Banks, I understood it was a sine qua non that the stock market quotation would remain in place. However, there are persistent rumours that the bank has been overrun and...

Seanad: Order of Business (11 Nov 2010)

Paul Coghlan: While Senator Bradford will raise the important matter of the closure of the sugar factory in Mallow later-----

Seanad: Order of Business (11 Nov 2010)

Paul Coghlan: -----my namesake, the Tánaiste and Minister for Education and Skills, Deputy Coughlan, when Minister for Agriculture and Food, rushed into a decision on the factory's closure.

Seanad: Order of Business (11 Nov 2010)

Paul Coghlan: The southern capital.

Seanad: Order of Business (10 Nov 2010)

Paul Coghlan: Naturally, we are all concerned about the ability of the State and our banks to borrow on the international markets and the cost of raising that finance. Is there not a conflict, in that the State is, on the one hand, extolling the banks to lend money - we have all added our voices to that - to businesses so that they can have the requisite working capital to keep functioning while, on the...

Seanad: Order of Business (9 Nov 2010)

Paul Coghlan: There is no doubt we are in an dangerous place - standing on the brink - and we all have duties to stabilise finances and assist in restoring foreign confidence. Foreign confidence is one of the major ingredients that is absent. Fine Gael will publish its plan and its commentary on the four-year budgetary plan. We will present budget proposals in advance of the budget. Who knows what will...

Seanad: Order of Business (4 Nov 2010)

Paul Coghlan: There is no doubt Mr. Justice Nicholas Kearns, President of the High Court, delivered a very fine and considered judgment yesterday. However, he did not deal with the separation of powers issue. I understand and respect the views of the Attorney General, Mr. Paul Gallagher, on that matter. As other Members on this side of the House have stated, it is a separate issue from that relating to...

Seanad: Order of Business (4 Nov 2010)

Paul Coghlan: I am of the same view.

Seanad: Order of Business (4 Nov 2010)

Paul Coghlan: Let us forget about the past. Senator Mary White must respect the fact that John Bruton is the best defender Ireland has at present.

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