Results 1,201-1,220 of 1,954 for speaker:John Gilroy
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: They will criticise the Government for implementing the guarantee when Fianna Fáil saddled the country with the "cheapest bailout" in history, which cost a mere ¤64 billion in linking the sovereign with the banking debt. That bound us tightly to a course of action which we in the Labour Party opposed. We still think it was unhelpful and Senator Barrett has called it a disaster. We are...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: -----is something that makes me want to laugh if I was not so close to crying.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: I wonder how much damage to our reputation stems from the decision. Within the framework of the guarantee and the awful constraints imposed on us, our strategy has been fairly successful. We have been calm and steady when it would have been easier, politically, to roar and shout about what we were doing. We secured a deal on interest in June of last year which saved the country-----
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: We secured a deal on the junior bondholders which saved the country another ¤5 billion.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: Interest rates on our debt have fallen by more than 10% in the past 12 months. Rates this morning were at approximately 4.47%, and the returning confidence is a result of sound stewardship of the economy under our Government. We have seen an oversubscribed return to the financial markets by two of the pillar banks without the cover of the guarantee. It is likely we will be able to exit the...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: The spokesperson in the Dáil and Senator Byrne protest too much. The contributions seem to be a product of a guilty conscience. Most people would privately agree that guaranteeing the banks in such an extensive manner was a mistake and once agreed, it set us on a course of action that prevented us from leaving the scheme without incurring additional damage. The Lehman collapse left a bill...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: A guilty conscience prevents Senator Byrne from remaining silent and listening to my contribution, however humble it is. The eligible liabilities guarantee scheme for new depositors will conclude soon - the sooner the better - and it is important that no confusion comes from the Chamber. Deposits under ¤100,000 will continue to be protected by the guarantee scheme; that is important. When...
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: Rightly so.
- Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)
John Gilroy: I move: That Seanad Ãireann approves the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2012 a copy of which draft scheme was laid before Seanad Ãireann on 26 November 2012.
- Seanad: Order of Business (Resumed) (29 Nov 2012)
John Gilroy: I welcome reports this morning that the Irish Bank Resolution Corporation, IBRC, is at last taking action to explore the role of its auditors and the apparent failings of oversight in the catastrophe that has overtaken that institution. I believe I can speak for many people in voicing frustration with the slow pace of the investigations in this area. Perhaps some of the other banks and...
- Seanad: Order of Business (29 Nov 2012)
John Gilroy: Without affecting anyone.
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: The Deputy has a new found interest in democracy.
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: That is an abuse of-----
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: On a point of order-----
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: I believe it is a point of order. I believe Senator Daly is abusing the privilege of this House by impugning the reputation of the Minister in this regard, without the slightest bit of evidence.
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: Senator Daly, without any foundation.
- Seanad: Order of Business (27 Nov 2012)
John Gilroy: There is a serious lack of irony on the other side of the House.
- Seanad: Fiscal Responsibility Bill 2012: Committee and Remaining Stages (20 Nov 2012)
John Gilroy: Any council or committee making public utterances generally does so by means of an agreed position through the chairperson. It would be a recipe for chaos if we identified individual members who might express an individual opinion that is not representative of the Fiscal Council.
- Seanad: Fiscal Responsibility Bill 2012: Committee and Remaining Stages (20 Nov 2012)
John Gilroy: Public utterances.
- Seanad: Order of Business (20 Nov 2012)
John Gilroy: What about his party's manifesto?