Results 13,581-13,600 of 14,090 for speaker:Marc MacSharry
- Seanad: Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)
Marc MacSharry: I welcome the Minister of State to the House. This is not the time or the place to get into a Second Stage debate on banking, NAMA or the budget. We have had opportunities to do this doing the week. I welcome this motion, which sets out the basic terms and conditions of a guarantee. The primary legislation was passed in the summer and this is an extension to it. It is good and...
- Seanad: Order of Business (Resumed) (1 Dec 2009)
Marc MacSharry: I welcome the fact that we are going to debate the report on child abuse and the flooding later in the week. There are many reasons for failure but there are no excuses. I hope that the debate will focus on how best to go from here and how to help the many who have suffered as a result of the abuse and the floods. I hope that these debates can be constructive. I am not sure the television...
- Seanad: Order of Business (Resumed) (1 Dec 2009)
Marc MacSharry: Pat Kenny, who is such a professional and fantastic broadcaster, who has done so much for Ireland, is debasing himself every week-----
- Seanad: Order of Business (Resumed) (1 Dec 2009)
Marc MacSharry: -----in the interest of feeding anger, being populist and sensationalist, rather than doing what he did so well in many other aspects of his career, providing solutions to our problems.
- Seanad: Order of Business (Resumed) (1 Dec 2009)
Marc MacSharry: I do not intend to take from the real difficulties people are suffering. I hope we can focus on providing solutions rather than feeding into that process. I welcome the fact that we will have an opportunity today to comment on the budget. It is appropriate that we do this in advance of discussing the Murphy report and the flooding because the budget will be announced tomorrow week. For the...
- Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)
Marc MacSharry: I welcome the Minister of State, Deputy Mansergh. I also welcome his predecessor, Mr. Parlon, who is in the Visitors Gallery. I am glad to have the opportunity to make a few points on the forthcoming budget. As has become customary, I must commence by making a basic rebuttal of what Senator Twomey stated. He always frames his contributions on matters of this nature by stating we got the...
- Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)
Marc MacSharry: The vast majority would do so. Many people have lost their jobs in recent times and we must bear in mind the prospect highlighted by Senator Quinn when contemplating the difficulties we will be obliged to face with the budget for this and succeeding years. Two to three budgets will be required in order to rectify the situation. While it is estimated that adjustments of â¬4 billion will be...
- Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)
Marc MacSharry: It is of the utmost importance that whatever measures are being contemplated, and I look forward to hearing other Members giving their suggestions, we look after the most vulnerable and ensure they are not penalised and that the pain, which will have to be shared to the fullest extent possible, is shared in a way that those best placed to take it are those who receive it.
- Seanad: Pre-Budget Outlook: Statements (1 Dec 2009)
Marc MacSharry: I was confident.
- Seanad: Order of Business (17 Nov 2009)
Marc MacSharry: To add to Senator Coghlan's comments, I ask the Leader to make direct contact with the State representative on the board of Allied Irish Banks, Mr. Dick Spring, to request an explanation as to how this matter arose, whether an application process was in place and, if so, how it was managed. This would enable the House to deliberate on how the process was completed. Following the enactment of...
- Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)
Marc MacSharry: No.
- Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)
Marc MacSharry: As Senators are aware, I have done quite an amount of work on this subject and prepared a series of recommendations which were presented to the Minister in August. It is clear that the amendment is not going to be accepted. However, the Irish Banking Federation, IBF, indicated yesterday that a committee involving itself and MABS would be established and oversee the application of its...
- Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)
Marc MacSharry: I referred to the Enforcement of Court Orders Act.
- Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)
Marc MacSharry: We had a good discussion about this last night. I am against both of these amendments. In respect of amendment No. 8, the local authorities will be first in the queue for any housing around the country. This amendment would undermine NAMA's ability to give the ultimate social dividend, to get the country moving again in order that we can have resources for sports capital or youth café...
- Seanad: National Asset Management Agency Bill 2009: Report and Final Stages (11 Nov 2009)
Marc MacSharry: With regard to the valuation panel, there has been a robust application process in NAMA that has been very difficult. No valuers have yet been appointed but short-lists and so forth have been compiled. The review of valuations is probably what interests Senator Bacik and perhaps there is scope for the Minister to allow an application process to exist there, similar to that which was carried...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Marc MacSharry: I have a question which is perhaps based on my inability to understand maths. I understand NAMA will not pay tax because the State will not tax itself.
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Marc MacSharry: However, if the SPV makes a profit, and 51% of it is privately owned, is the SPV subject to corporation tax before it splits up the dividend? In effect, will the State tax its 49% before it then hands on the profits to NAMA?
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Marc MacSharry: While I do not disagree with Senator Norris, I contend we need to differentiate clearly between public representatives lobbying and making representations. People are happy with how the political system operates in Ireland as it gives them access to public representatives to make their case on any given subject. Provided people meet the appropriate criteria pertaining to getting whatever...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Marc MacSharry: I am conscious that the officials and the Minister are probably concerned about spooking the market in terms of how specific or prescriptive they are on the surcharge, but further clarity is required. I do not support the amendment but how will the surcharge be calculated? As Senator Twomey said, if one were to predict now the least likely to make a profit, it would be Anglo Irish Bank and...
- Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)
Marc MacSharry: I wonder will that apply to an individual who, for example, had planning permission in the countryside for a house and allowed it to lapse.