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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: I wish to shift tack slightly now. The term "moral hazard" was deployed by both the Government and the banks when the mortgage crisis was at fever pitch a few years ago. At that time, some of us were saying that there should be an across the board write-down to market values and so on, but moral hazard was the argument deployed to counter that. Is the same principle applied when it comes...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: Fair enough. I should have known that. Mr. Masding cannot really comment on that issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: That is fine. We will be dealing with that matter later. I wish to turn now to the cost of funding. The witnesses said that most of the funding for Permanent TSB comes from deposits, if I understood correctly. They said that 60% of its funding is from deposits and they cited that as one of the reasons for their difficulty in reducing the variable interest rate. Obviously, the witnesses...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: What is the average interest rate for deposits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: The bank's average interest rate on variable mortgages is 4.36%. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: The rate for a variable interest rate mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: There is quite a big gap there in the context of the cost of mortgage interest-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: That is fair enough. I do not have time to drill into that further, but it still seems to me to be a significant gap. One could be forgiven for thinking there is a profiteering element to it, but we will look into that further at some future date. I wish to go back to the issue of arrears, if I may. Quite a high proportion of arrears solutions in banks have been in the area of arrears...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Richard Boyd Barrett: That is no problem.

Written Answers — Department of Jobs, Enterprise and Innovation: Industrial Relations (13 May 2015)

Richard Boyd Barrett: 12. To ask the Minister for Jobs, Enterprise and Innovation if he will provide an update on the legislation he has promised in relation to collective bargaining; if he will provide some indication of the likely content of this legislation; and if he will make a statement on the matter. [18351/15]

Written Answers — Department of Jobs, Enterprise and Innovation: Employment Rights (13 May 2015)

Richard Boyd Barrett: 22. To ask the Minister for Jobs, Enterprise and Innovation if it is his intention to bring in legislation to deal with zero and low hour contracts, particularly in the context of the ongoing dispute between workers and employers at Dunnes Stores; and if he will make a statement on the matter. [18352/15]

Order of Business (12 May 2015)

Richard Boyd Barrett: There is genuine confusion among the public about the timing and content of the proposed legislation to deal with unpaid debt in so far as it relates to the issue of water charges and what happens to people who refuse to pay on principle or who simply cannot pay those charges. I ask the Taoiseach to be specific as to when that legislation will be introduced. This is not just a political...

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: On a point of order-----

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: I understand. The rules of this particular section of Dáil time seem to change on a regular basis.

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: The point about the backlog in questions has been made. It must be addressed. These questions relate to Europe and I take the point about European statements, post and pre, but a backlog in questions to the Taoiseach is constantly building. More time needs to be allowed for them and we should be allowed to asked topical questions to avoid a backlog building. If the Taoiseach is committed...

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: 13. To ask the Taoiseach if he will report on the most recent European Council meeting held on 19 and 20 December 2014; and if he will make a statement on the matter. [2166/15]

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: 14. To ask the Taoiseach if European Union leaders discussed economic stagnation at the European Council meeting held on 19 and 20 December 2014; and if he will make a statement on the matter. [2167/15]

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: 15. To ask the Taoiseach if a change of Government in Greece and a change in European Union policy in relation to Greek debt were discussed at the European Council meeting held on 19 and 20 December 2014; and if he will make a statement on the matter. [2168/15]

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: 16. To ask the Taoiseach if he discussed the role of the Irish bank guarantee in the financial crisis with any European leaders at any of his recent meetings with them; and if he will make a statement on the matter. [2170/15]

Ceisteanna - Questions (Resumed): European Council Meetings (12 May 2015)

Richard Boyd Barrett: 40. To ask the Taoiseach if he will report on his recent discussions with leaders of the European Union on the Greek debt crisis; and if he will make a statement on the matter. [7793/15]

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