Results 1,541-1,560 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: If our economy shrinks, the balance sheet changes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: If the activity in the economy increases, the balance sheet will change also.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: If the Minister used the €3.5 billion to grow the economy, the balance sheet would change.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: We could well be paying a lower interest rate on the long-term borrowing than new funds that may be available to grow the economy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: Is the long-term debt less or more than that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: I want to follow up on a point raised by Senator O'Donnell. An article in today's Irish Independentstates that the Ireland Strategic Investment Fund supports a lender called Activate Capital. It has backed Cairn Homes to buy the RTE site for a huge amount of money. It was probably bidding against other companies, which may also have been backed by the Ireland Strategic Investment Fund. In...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: I did not say that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: I did not say that. I said that the bank should be used-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: I did not say that the State should be backing developers and builders. I said it should be giving the money to the banks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: In this case it is being given, through Activate Capital, to a publicly-quoted company. These builders tell us they cannot get funding. That is part of the problem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)
Paddy Burke: Through the banks.
- Seanad: Order of Business (4 Jul 2017)
Paddy Burke: I congratulate the Leader on his engagement. I wish him and his partner well and the very best of luck for the future. I would also like to express my sympathy to the Deasy and Hanafin families on the deaths of Austin Deasy and Des Hanafin. I hope the Leader will provide time for us to express sympathy to the families at a future date. The two deceased were former Members of the House. I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: I know that there is a time constraint so I will be brief. I welcome the delegation and thank Deputy Pringle for bringing forward the legislation. We are not getting into the detail of this until we get to Committee Stage of either House, but where is the line drawn in regard to investment or who has the final say over whether something is a good project and is within the criteria or that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: Is Deputy Pringle saying all SMEs could be exempt? Will there be a criteria for SMEs because that could be a thorny issue when one gets into the legislation, when one starts saying that a certain company could not get funding. They could be employing people in rural areas, or wherever. This could be a thorny issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: I do not know. Deputy Pringle said they will be ruled out of funding from ISIF but one of the other banking institutions could fund them. I am not sure what the purpose is of that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: I appreciate that but -----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: Ultimately, someone has to draw the line somewhere if the legislation is going to be passed and this means dealing with those who will say if something fits the criteria set out in order to address the funding issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: I asked this question of Deputy Pringle earlier. In some cases, this will come down to whether ISIF will or will not invest in companies. Who will make the decision as to whether something qualifies for investment? The legislation will be there and ISIF will be faced with a decision over whether something qualifies. If it goes overboard and makes a decision which is barely outside the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: Is it the case then that the fund could invest in a wind farm for instance but not in the company which makes the turbine?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)
Paddy Burke: As long as the spirit of the Bill is complied with the Ireland Strategic Investment Fund, ISIF, would be happy.