Results 19,501-19,520 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Perhaps there could be contact with the Governor or a briefing could be provided to the committee about the general overall parameters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: With regard to the promissory notes, do the historically low interest rates put the Central Bank in a more vulnerable position in its discussions with Frankfurt in the context of releasing bonds and so on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: It is positive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: I note the ECOFIN meeting will be briefed by the Commission on the contributions that the banks will be expected to make to the resolution funds. What specific timeframe does the Minister envisage for this? He has spoken on the matter in general terms but I ask him to break the process down into the separate steps that will bring us to the position where the stars collide and we can make...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: When does the Minister anticipate that the ESM fund will come into play in terms of providing funds for the recapitalisation of banks, as distinct from retroactive recapitalisation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Generally, we are looking at the end of the year. I do not need the technical note, just the date.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Apart from retroactive recapitalisation, when will the ESM be in a position to provide funds for recapitalisation of banks on a current basis?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: It is up and running. The application can be made at any stage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: There is talk of low inflation in the eurozone. What is the Minister's view on that and what are the implications for Ireland? What are his views on possible risks for the Irish economy from a slowdown in the world economy in terms of export driven growth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: What is the Minister's view on possible deflation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: The Deputy must conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Can I take up that issue? When does the Minister anticipate that this technical adjustment will take place? What is the first year it will kick in for?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: So it means that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Therefore, the Minister is saying that he anticipates that the target of about 5.1% that we are looking to meet at the end of this year will give an extra cushion or margin on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Does the Minister anticipate that he will have this figure available by the end of July?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: So really it provides six months of the year where one has an idea of the impact on the deficit for 2014?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: But I am saying-----

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 38 - Health
Vote 39 - Health Service Executive
Chapter 21 - Budget Management in Health Service Executive
Chapter 22 - Eligibility for Medical Cards (12 Jun 2014)

Kieran O'Donnell: There is a target of €23 million.

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 38 - Health
Vote 39 - Health Service Executive
Chapter 21 - Budget Management in Health Service Executive
Chapter 22 - Eligibility for Medical Cards (12 Jun 2014)

Kieran O'Donnell: I am only really interested in the medical card targets.