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Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (Resumed) (8 Oct 2008)

Paddy Burke: I agree with the Minister of State.

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (Resumed) (8 Oct 2008)

Paddy Burke: I welcome the Minister of State, Deputy Finneran, and wish him well in his job as Minister of State with responsibility for housing. I have no doubt he has a deep interest in this aspect of local government. Although I have some misgivings, in general, I welcome the Bill. Its provisions will help to address some of the problems we face in the housing area. In 1987 at a time of recession...

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (Resumed) (8 Oct 2008)

Paddy Burke: The electorate will deal with them on that basis in due course. How can the Minister for the Environment, Heritage and Local Government make a plan for every local authority throughout the country and examine it in detail? Every local authority should have that power and the obligation should rest with the local authority members. I ask the Minister of State, Deputy Finneran, to examine...

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (Resumed) (8 Oct 2008)

Paddy Burke: I join with Senator Carty in that. I also welcome the Minister of State, Deputy Finneran, back to the House.

Seanad: Seventh Report of Committee of Selection: Motion (7 Oct 2008)

Paddy Burke: The Committee of Selection reports that it has nominated the following Members to serve on the Joint Committee on European Affairs: Senators Maurice Cummins, Pearse Doherty and Rónán Mullen. I move: "That the report be laid before the Seanad."

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: We do not know that, as we do not have the facts.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: Why are Members here?

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paddy Burke: Can the Houses amend the scheme or can they only reject it?

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paddy Burke: To follow on from Senator Kelly's point, how does the Minister see the banks trading their way out of the difficulties because their problem, as the Minister has said, is one of liquidity? If no cash is injected other than getting large amounts of cash on deposit, how does the Minister see them working their way out of the difficulties? None of the banks has said it does not need the...

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paddy Burke: Subsection (3) states: "Nothing in this Act prevents the performance by the Central Bank or the regulatory authority of its functions in relation to any credit institution." I understand it is within the authority of the Central Bank to provide liquidity to Irish banks. The Minister stated that the problem we have run into is one of liquidity. Where does the change occur whereby the...

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paddy Burke: Is it on the advice of the Governor of the Central Bank that the ECB provides liquidity to Irish banks? If that is the case, it is funny that the Minister has not consulted the ECB on the existing problem.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paddy Burke: If one of the six banks covered by the legislation were taken over by an outside financial institution, would the guarantee extend to that bank following the takeover or is the scheme designed in such a way that mergers will only take place among the six banks to which I refer?

Seanad: Human Body Organs and Human Tissue Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: I welcome the Minister of State, Deputy Moloney, to the House.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: The Senator has one minute.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: Does the Senator wish to share time?

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: Is that agreed? Agreed.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: Senator White, without interruption.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: The Senator's time is up.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: Senator Regan without interruption, please.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paddy Burke: On a point of order, is there provision for the Minister to reply?

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