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Written Answers — Taxi Sector: Taxi Sector (27 Oct 2010)

Brian Lenihan Jnr: I propose to take Question Nos. 230 to 232, inclusive, together. I have not received any recent submission in relation to VRT and taxis from the Commission for Taxi Regulation or the Minister for Transport. However, my Department did receive correspondence in relation to wheelchair accessible taxis in November, 2009, and it is this correspondence to which I assume the Deputy refers. I have...

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: It is €14 billion, I believe.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: It far exceeds it, I suggest.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: It has a current account deficit on its balance of payments.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: They were not given any briefing.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: They are too busy preparing the national plan.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: That is very unfair.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: It is a monastery, not a supermarket.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: And TheGuardian.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: They are not going to Newry now.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: The Deputy's party would need to cut €20 billion.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: In the past two years, this Government has had to deal with the consequences of the most severe economic downturn in the history of the State. The crisis has primarily related to the public finances and the banking system. In a consistent way, the Government has acted swiftly and with determination to deal with each episode of the crisis as it emerged. As a result of these actions,...

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: The Deputy is aware that the word "credit" is derived from the verb, credere, to believe.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: That is an average annual figure.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: Neither hypothesis is correct.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: Greece tried it with the Acropolis.

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Brian Lenihan Jnr: Eventually they convict.

Written Answers — Tax Collection: Tax Collection (21 Oct 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the taxpayer in question is a chargeable person and accordingly is obliged to submit a Return of Income each year under the self-assessment system. The Returns of Income for 2002, 2003, 2004 and 2005 were only submitted to Revenue in November 2009, which is past the dates on which these Returns should have been made. As a result of the late...

Written Answers — Financial Institutions Regulation: Financial Institutions Regulation (21 Oct 2010)

Brian Lenihan Jnr: As the Deputy will recall in my 30th September statement on Banking I addressed the issue of burden sharing by holders of subordinated debt in Anglo Irish Bank and Irish Nationwide Building Society. I indicated that my Department in conjunction with the Attorney General is working on the reorganisation and resolution legislation to address the issue of burden-sharing with Anglo and INBS...

Written Answers — Financial Institutions Regulation: Financial Institutions Regulation (21 Oct 2010)

Brian Lenihan Jnr: As the Deputy is aware I indicated in my statement of 30th September 2010 that the position is that senior debt obligations of financial institutions rank equally with deposits and other creditors under Irish law. I indicated that I have no plans to change this position. I confirmed this position in a statement on 7th October 2010 a week later. In the absence of a subordination agreement,...

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