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Strategic Banking Corporation of Ireland Bill 2014: Second Stage (Resumed) (10 Jul 2014)

Richard Boyd Barrett: The point that was made was that the Government should have allowed more time for the debate.

Strategic Banking Corporation of Ireland Bill 2014: Second Stage (Resumed) (10 Jul 2014)

Richard Boyd Barrett: The move to establish a strategic bank is a very long overdue recognition of the failure of the banking and wider economic strategy employed by this Government and that which preceded it in the aftermath of the economic crash. We bailed out the so-called pillar banks to the tune of €64 billion, privatised some of them and beggared the country in the process. The rationale behind...

Strategic Banking Corporation of Ireland Bill 2014: Second Stage (Resumed) (10 Jul 2014)

Richard Boyd Barrett: There is a slight change in the order. We will have Deputies Mick Wallace, me, Deputy Stephen S. Donnelly and Shane Ross.

Strategic Banking Corporation of Ireland Bill 2014: Second Stage (Resumed) (10 Jul 2014)

Richard Boyd Barrett: Will we have seven and a half minutes each?

Written Answers — Department of Jobs, Enterprise and Innovation: Industrial Disputes (10 Jul 2014)

Richard Boyd Barrett: 24. To ask the Minister for Jobs, Enterprise and Innovation if his Department has intervened to help find a resolution for CRH workers who have been on strike since 16 June over proposed pay cuts, in view of the fact that the workers have already complied with €6 million in payroll cuts since 2012; if he will outline the contact his Department has had with the workers and their unions;...

Written Answers — Department of Jobs, Enterprise and Innovation: Industrial Disputes (10 Jul 2014)

Richard Boyd Barrett: 26. To ask the Minister for Jobs, Enterprise and Innovation the measures his Department has undertaken to help resolve the dispute at a company (details supplied); and if he will make a statement on the matter. [29934/14]

Forestry Bill 2013: Report Stage (9 Jul 2014)

Richard Boyd Barrett: We can discuss Gougane Barra a little more as we go through the Bill, particularly having regard to the issue of public consultation. This was not ancient woodland per sealthough it was an ancient woodland site. I have heard an argument from an international tree pathologist who has looked at the site and had been at it before the felling. She said there was no sign of this die-back at...

Forestry Bill 2013: Report Stage (9 Jul 2014)

Richard Boyd Barrett: I move amendment No. 1:In page 6, between lines 1 and 2, to insert the following:“ “ancient woodlands” means those woodlands which have had continuous tree cover since 1650 or before and which are most likely to have arisen naturally and to be descended from Ireland’s original forests;”.Some 80 to 90 amendments to this Bill have been tabled, many of which I...

Forestry Bill 2013: Report Stage (9 Jul 2014)

Richard Boyd Barrett: It is another contribution we have made to the global lexicon. It also demonstrates the historical, heritage and cultural importance of the matter and how it intersects with a defining moment in our history. Oliver Cromwell understood that as part of destroying resistance to the plantations, he had to fell the forests. This was to give the lands to the soldiers who fought with him but also...

Free Travel Pass: Motion (Resumed) [Private Members] (9 Jul 2014)

Richard Boyd Barrett: It is absolutely right to ring the alarm bells that there is a real and serious threat to the free travel pass given the review of the scheme, talk of there not being enough money to meet increased demand and cuts in the subsidies to Dublin Bus and Bus Éireann. Aside from all that, when the Government says it has completely protected the free travel scheme to date, even that is not...

Free Travel Pass: Motion (Resumed) [Private Members] (9 Jul 2014)

Richard Boyd Barrett: Operators in Cavan, Longford and other areas have stated recently that they cannot afford to run the free travel pass scheme and have withdrawn from it. The Government is planning to outsource 10% of the orbital routes in Dublin. It is already clear from the evidence coming in from private operators who were able to provide a free travel scheme that they cannot now afford to do it. This is...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Richard Boyd Barrett: We agree on the need for strategic investment, but there are serious questions about whether this fund can deliver such investment. Even if the Minister of State says he wants that to happen and acknowledges the need for regional development and the need to invest in areas such as social housing or vital infrastructure, the money people want to know the bottom line and what they will get out...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Richard Boyd Barrett: First, on the regional development amendments which I believe were championed by Deputy Deasy, and which the Government appears to have taken on board, I believe he is absolutely right. Far too often in Irish politics, in my observation, there has been a city against country, or rural against urban, fake war or fake debate which is sometimes used cynically by politicians on either side of...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Richard Boyd Barrett: It is. We are 150% in favour of strategic investment. Indeed, it was part of our policy platform before the last election, and we were very glad when the Government talked about it. However, the difficulty is that there seem to be a whole series of caveats and qualifications about the need, essentially, to bring in the private sector and to make its investments conditional on getting the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Richard Boyd Barrett: May I add to what the Chairman has said? That is one element of the question, but there is also the issue of the odd location where the business seeks the licence. Is that an issue? There are a great many firms that do no insurance business in Ireland but are licensed in Ireland. There are firms that do all their business here but are licensed in places such as Malta. There must be some...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Richard Boyd Barrett: That is what I mean. I am using the term "regulation" in the most general sense, of ensuring that companies are doing business properly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Richard Boyd Barrett: Let me use an example of the problems that the Central Bank might face. If a company does all its business in Malta, but the Central Bank in Ireland is the body that licenses it and is responsible for its prudential regulation, is it not harder to the Central Bank to keep an eye on it if it is doing all its business in Malta? Similarly it had to be quite difficult for Maltese authorities to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Richard Boyd Barrett: I suggest that we need to red flag the issue of companies that are doing all their business in one place but for some inexplicable reason are seeking the licence to conduct their business elsewhere. This needs to be red flagged immediately and the existence of this phenomenon needs to be examined. I have a final question. Given the inconvenience and the losses that are being suffered by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Richard Boyd Barrett: Let us say that they are in breach, that there is insufficient provisioning, that they were doing what the Quinn Group was doing, using moneys that should have been for the provision against claims for other things. If they are guilty of these kinds of practices, what are the sanctions? Would they be allowed to do business here or anywhere in Europe again?

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Richard Boyd Barrett: Did those students all have to wear Coca Cola T-shirts?

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