Results 1,141-1,160 of 1,591 for speaker:Eugene Regan
- Seanad: Order of Business (8 Oct 2008)
Eugene Regan: There is only one issue in regard to the banking crisis we have talked about but it is the issue the Minister is avoiding on every occasion, namely, capitalisation. The Minister said in Brussels after the ECOFIN meeting that the issue of recapitalisation of banks was being considered by some EU states but he did not believe that policy was necessary in Ireland, although he considered that...
- Seanad: Order of Business (8 Oct 2008)
Eugene Regan: I support Senator Fitzgerald's proposal to amend the Order of Business because the Minister must make a statement on this issue. If he does not understand the situation it is well set out by Patrick Honohan, professor of international financial economics at the department of economics in Trinity College Dublin today in The Irish Times and by David McWilliams in The Independent. We must...
- Seanad: Order of Business (8 Oct 2008)
Eugene Regan: It is unfair, unreasonable and perverse. We should follow the recommendation in the tribunal and the Oireachtas should review the way public representatives deal with allegations that are passed to them, but to suggest, with all respects to the chairman of that tribunal, that two public representatives, by passing on to the Minister for Justice, Equality and Law Reform unedited the...
- Seanad: Order of Business (8 Oct 2008)
Eugene Regan: We should follow up on that recommendation. While the two public representatives have legal redress, the Oireachtas should examine that matter because we are all at a loss as to what we should do when we receive allegations against public bodies.
- Seanad: Order of Business (7 Oct 2008)
Eugene Regan: I support Senator Fitzgerald's amendment to the Order of Business. I also support her statements on the banks. The House had a comprehensive debate last week and took on trust the Government's proposal, lending it qualified support. We know it is only a temporary reprieve as we can see from the market movements this week. In respect of the capitalisation of banks, the distinction between...
- Seanad: Order of Business (2 Oct 2008)
Eugene Regan: Regarding the discussion this morning, I want to remind Members of the basic principles on which that debate took place. I have a question for the Leader. We have confirmation from the Minister that the Government only took action faced with a collapse in the banking system. We know how that came about and it is something on which the Government could have acted earlier. Once the...
- Seanad: Business of Seanad (1 Oct 2008)
Eugene Regan: The Leader may be taken aback by the strength of feeling on this side of the House on the issue and perhaps he might suspend the sitting for 15 minutes to afford him some time to reconsider the matter. The suggestions that have been made are valid. As has been said on numerous occasions in the past 48 hours, we are anxious to get this right and to be constructive. In the context, I ask the...
- Seanad: Business of Seanad (1 Oct 2008)
Eugene Regan: I would like the Leader to know that we are not trying to make life difficult for him but are trying to be constructive. Clearly, the legislation will not be dealt with in the Seanad before 12 a.m., so we are into tomorrow in any event. That is why it makes sense to leave it until tomorrow. As Senator Ross said, we should be given a reason the Leader chose this time. Perhaps that would...
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: The Irish banks have devised a very elegant solution to their liquidity problems. They put that to the Minister and he adopted it. He probably had very little choice under the circumstances.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: I understand how the Minister reacted. I emphasise the wordââ
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: May I have an audience please? I emphasise "reaction", because to speak and gloat as Senators have done at this stage is out of order. The fact is it was an extreme situation, the Minister did act, or react as the case may be, and he has support across the House. It is entirely out of order to indulge in some of the gloating about the leadership, planning and so on.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: Having said that, no lessons will have been learned if we do not recognise how we got into this situation. It is very simple. Unsustainable and reckless lending practices by the banks, coupled with reckless and inflationary expenditure by the Government, provided the context which created the lack of confidence in the Irish banks and the run on the banks earlier this week. I have a problem...
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: It starts with regulation and schemes to be adopted by the Minister. I cannot even find clear wording to provide for the type of indemnity that is being provided by the Government in this legislation. In his contribution the Minister of State made a number of points including what it is intended to do under the legislation. He said it is intended to put "a fee mechanism in place to...
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: The Minister is embarrassed.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)
Eugene Regan: It is nauseating.
- Seanad: Order of Business (1 Oct 2008)
Eugene Regan: We are in a time of crisis and the Government has sought, and is getting, co-operation from Opposition parties. There is a lesson in this for the future, namely, that the Taoiseach and the Government should not be so dismissive of proposals put forward by the Opposition to improve the state of the economy. The tendency has been to ignore the Oireachtas and to dismiss Opposition proposals...
- Seanad: Order of Business (1 Oct 2008)
Eugene Regan: Why is it necessaryââ
- Seanad: Order of Business (1 Oct 2008)
Eugene Regan: A debate will take place.
- Seanad: Order of Business (1 Oct 2008)
Eugene Regan: I will reserve my comments until then.
- Seanad: European Judicial Network in Civil and Commercial Matters: Motion (1 Oct 2008)
Eugene Regan: I know the Oireachtas wishes to scrutinise EU legislation more seriously. However, this is the most innocent legislation I have ever seen. Ireland has opted into this system of the European judicial network in civil and commercial matters based on the decision of 28 May 2001. I find it rather absurd that we are required to go through this process of opting into a decision which, as the...