Results 18,801-18,820 of 32,610 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Cohesion funding has conditionality attached.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Does Deputy Murphy accept that it has conditionality?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Okay, we have made progress on that. Let us say Irish taxpayers' money is going into the reform support programme or the European investment stabilisation tool. Would the Deputy support the spending of that money in other countries with no conditionality?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Okay, but in many cases what we would be talking about are reforms that have already happened in Ireland. Changes have happened in Ireland and our money is being used to create these tools. In that context, if change has happened in our country then in return for the Irish taxpayer making funding available for these tools, is it not reasonable to ask other countries to go through the same...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: What we have here is an ideological difference on this issue. There is a difference of ideology. The Deputy accepts the fact that if Irish taxpayers' funding is to be made available, certain conditions must be laid down for accessing that funding. I think the Deputy accepts that point -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Deputy Murphy acknowledged a moment ago that in the context of a lot of EU funding streams, certain things have to be done in order to access the funding. Is that the case or not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: We are going to go around in circles on this because lots of, if not most, funding streams have criteria attached to them. These new tools are based on the principle that if money is going to be released - this is our money which will no longer be available to us to be used at home - then criteria will have to be met to access it. Deputy Murphy differs from me on that overall principle. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: No.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: The Deputy asked if I accept that an IMF approach is being brought to the release of European Union funding. The answer to that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Okay, the model of the troika but the question the Deputy put to me was whether I believe the troika approach to the release of funding is being institutionalised in the future in the context of the MFF. I do not believe it is being institutionalised. As the Deputy has already acknowledged and I have said repeatedly, there are other funding streams for which criteria have to be met in order...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: The availability of more financial services within our State is probably separate to many of the elements to which we are referring and which form part of banking union. What is more likely to lead to more services being provided or to services being provided at a more competitive price is first, fintech and new financial services coming into our country and second, the balance sheets of our...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: I want to see that happen. The banking union measures that were referred to are dealing with a different issue entirely, namely, the stability of our banking system. It is not acceptable to me that Irish mortgage interest rates are so far above the European Union average in the way I know and in the way the Deputy has described. It is worth making the point that a factor contributing to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: First, I never said it is the main reason. I said it is a contributory factor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: The record will show that I said it is a contributory factor. I now use this opportunity to talk about the other contributory factors. As one compares our interest rate which those of some of the economies to which the Deputy has referred, one finds that some have levels of non-performing loans that are also very high. They are not as high as in the Irish economy by any stretch but I am...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: I will do that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: On where it is going to move to, the figures the Commission has published point to an increase. The Taoiseach has already said we are willing to contribute more than at present. I do have a figure in mind regarding what we would be able to afford and what that level of contribution would be but we are at a very early stage of negotiation and it would be wise for me to point to where our...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: I have a figure in mind regarding what we can afford.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: Depending on how it is calculated, we estimate the UK contribution is in the region of €10 billion to €12 billion per annum, which is 7% to 8% of the total EU budget. There are only three ways in which that shortfall could be dealt with. Either the level of expenditure goes down, the level contribution goes up, or there is a mixture of the two. How the Brexit shortfall will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)

Paschal Donohoe: The Deputy is correct about the own-resources model that the Commission has put forward. One of the sources it has put forward is the introduction of a CCCTB. The Irish position on the matter is unchanged. We will not support the introduction of such a fundamental change to corporate tax policy. It is doing so because the approach has been used in the past. It is one that the Commission...