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EU Summits (3 Nov 2010)

Brian Cowen: In adopting the Van Rompuy report, the Council is involved in preparing six legislative proposals by early summer of next year, four of which will involve, as I understand it, the involvement of the European Parliament. The proposals are designed to strength the Stability and Growth Pact and the EU regulatory framework for members states' public finances and to broaden the scope of economic...

EU Summits (3 Nov 2010)

Brian Cowen: The whole question of improved governance in general and of surveillance and monitoring within the euro area is part of the review being exercised by President Van Rompuy's task force since spring of last year when the Greek crisis arose. The outcome of those discussions and the recommendations that have been adopted bring forward the specific legislative proposals I outlined in my previous...

EU Summits (3 Nov 2010)

Brian Cowen: We live in a democracy. People have different points of view. I do not know the context in which these comments were made or whether it was a final considered viewpoint. Regardless, the Central Bank in Ireland is part of the wider European Central Bank, which is pursuing the monetary policies of the euro. Our representative there is Professor Patrick Honohan. Members of the Central Bank...

EU Summits (3 Nov 2010)

Brian Cowen: The suspension of rights in certain circumstances is used only as a matter of last resort such as in regard to a permanent disregard by a member state to deal with the issues with which it is entitled to deal in terms of its membership of the currency or Stability and Growth Pact. The conclusions provide for President Von Rompuy to undertake a separate and subsequent exercise beyond December...

EU Summits (3 Nov 2010)

Brian Cowen: These specifics did not arise in the context of the European Council meeting but were discussed at sectoral level. The recommendations of the Von Rompuy report were accepted and it was agreed that the legislative consequences of that would be moved on by mid-next year and that this would be done as urgently as possible given parliamentary involvement in regard to the drafting at European...

EU Summits (3 Nov 2010)

Brian Cowen: The connectivity in the Irish economy is good, and the broadband story is better in Ireland than what is portrayed here. There is a lot of investment going on, with more to be done. We do not always update ourselves on the position of things and if the Deputy looks at all of those points, she will see they are all important. What we are doing in research and development over a long number...

Order of Business (3 Nov 2010)

Brian Cowen: It is proposed to take No. a7, motion re referral of Value-Added Tax Consolidation Bill 2010 to the Standing Joint Committee on Consolidation Bills; No. b7, motion re referral to joint committee of macroeconomic policy lessons as set out in the report by Klaus Regling and Max Watson entitled A Preliminary Report on The Sources of Ireland's Banking Crisis; No. 16, statements on European...

Order of Business (3 Nov 2010)

Brian Cowen: This judgment was handed down after we had started proceedings here. We will have to consider the judgment and its implications-----

Order of Business (3 Nov 2010)

Brian Cowen: -----so any further comment prior to its consideration is premature. We argued in court that Article 16.7 of the Constitution imposed no time limit for the holding of by-elections but left the matter to the Oireachtas, and that the Oireachtas had not imposed any time limit in the legislation, but the court took the view that there should be implied in the legislation a requirement that...

Order of Business (3 Nov 2010)

Brian Cowen: The Deputy does not have to misquote me. What I said was-----

Order of Business (3 Nov 2010)

Brian Cowen: The judgment was handed down since the start of this morning's proceedings.

Order of Business (3 Nov 2010)

Brian Cowen: The Government will consider the judgment and its implications and take whatever decisions arise from that.

Order of Business (3 Nov 2010)

Brian Cowen: If the Deputy does not mind my having the opportunity to read and consider the judgment, I think it is only fair.

Order of Business (3 Nov 2010)

Brian Cowen: There is a line for that.

Order of Business (3 Nov 2010)

Brian Cowen: That is very original and very useful. Where did the Deputy hear that?

Leaders' Questions (3 Nov 2010)

Brian Cowen: The official statistical release for the October live register will be published at 11 a.m. this morning by the Central Statistics Office, CSO.

Leaders' Questions (3 Nov 2010)

Brian Cowen: I understand from Department of Social Protection internal figures that the end of October figures will show a fall of more than 12,800 since September with a headline figure of 429,550. On a seasonally adjusted basis the live register is expected to fall by 6,600 in the month. This reflects the fact that the decrease is higher than normally expected in October; it is the second highest...

Leaders' Questions (3 Nov 2010)

Brian Cowen: The CSO will outline the situation regarding the live register figures. There is evidence the labour market is stabilising and this is reflected in the most recent employment figures from the quarterly national household survey. As I stated yesterday, the publication of the October Exchequer returns reinforces the key message of the stabilising of the economy since tax was slightly ahead of...

Leaders' Questions (3 Nov 2010)

Brian Cowen: Corporation tax is well up on profile. It is also important to point out that our fiscal adjustment and public finances remain on track in terms of our budgets for this year. Yesterday's Exchequer figures illustrate that tax revenues are slightly ahead of profile and public expenditure is below profile. I point out to the Deputy that with regard to initiatives being prepared, what the...

Leaders' Questions (3 Nov 2010)

Brian Cowen: What we must not do in the House as we have these discussions as constructively as possible, recognising our political differences, is to generate a mantra of negativity about the economy, which does not give any credit to the strengths of our economy. The fact that we have a foreign direct investment profile in Ireland, which is greater than all US investment in China, is not often...

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