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Results 19,101-19,120 of 23,109 for speaker:Paddy Burke

Seanad: Electoral (Amendment) Bill 2009 [Dáil]: Second Stage (24 Mar 2009)

Paddy Burke: They are gone to ground as well.

Seanad: Electoral (Amendment) Bill 2009 [Dáil]: Second Stage (24 Mar 2009)

Paddy Burke: Were they all from the Senator's party?

Seanad: Electoral (Amendment) Bill 2009 [Dáil]: Second Stage (24 Mar 2009)

Paddy Burke: I welcome the Minister of State at the Department of the Environment, Heritage and Local Government, Deputy Michael Kitt, to the House.

Seanad: Electoral (Amendment) Bill 2009 [Dáil]: Second Stage (24 Mar 2009)

Paddy Burke: Does the Minister of State have any copies?

Seanad: Garda Síochána Ombudsman Commission: Motion (10 Mar 2009)

Paddy Burke: Is that agreed? Agreed.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: The Senator succeeded.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: Get out the USA biscuit tin.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: Was Deputy Mansergh a civil servant at the time?

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: We get a lot of that from Senator Harris.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: The Minister referred to an independent review of credit flow. We are all agreed that credit needs to flow to small businesses in particular. We have our own bank in the form of Anglo Irish Bank. I have received several complaints in regard to high interest rate charges and a lack of credit availability to small businesses. Perhaps the Minister of State will address the following issues....

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: Yes.

Seanad: Industrial Disputes. (5 Mar 2009)

Paddy Burke: There is no provision for the Senator to make a further intervention.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: I wish to follow up Senator Twomey's point about the Government not having a hands-on approach to the banks. Is it the case that the Government's position is compromised? On the one hand, it is investing €7 billion of taxpayers' money in AIB and Bank of Ireland while, on the other hand, it has its own bank, Anglo Irish Bank. As Senator Twomey said, it is not taking a hands-on approach...

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: I support Senator Twomey's amendment. The funding allocated to the banks should be capped at €7 billion and if the banks require further funding, the Government should seek the approval of the Oireachtas. Senator Ross raised an important question. Is there any point in borrowing €1 billion or €1.5 billion annually to be allocated to the managed fund? If, as Senator Ross stated, this...

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: It was €1.4 billion or €1.6 billion.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: Senator Ross makes perfect sense. The rate at which this country can borrow has increased dramatically in recent months. It does not make sense to borrow €1.6 billion at a very high rate when we do not need to do so. I cannot understand why the Minister of State is getting hot and bothered about the matter when he should be proposing it to his senior Minister and the Government.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (Resumed) (5 Mar 2009)

Paddy Burke: Perhaps the Minister of State will respond to the question in regard to Irish Nationwide.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: Amendments Nos. 1, 3a and 3b are related and will be discussed together.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage (5 Mar 2009)

Paddy Burke: For Senator Doherty's benefit, we are discussing amendments Nos. 1, 3a and 3b.

Seanad: Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (Resumed) (5 Mar 2009)

Paddy Burke: I welcome the Minister back to the House and am glad to have the opportunity to speak on this issue. I support the recapitalisation of the banks. It is proper and fair that we have a strong banking sector. We need banks that will go down the road with a person who is willing to take a chance. Thus, we need strong banks and we need them to take chances on people. After all, self-employed...

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