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Irish Banking: Statements (18 Nov 2010)

Frank Fahey: No.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: That is after 2013. The Deputy is misrepresenting the facts.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: The Deputy is misrepresenting the Minister.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: The Deputy is misrepresenting the Minister.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: That is the kind of talk that caused the Deputy to be shafted by the Irish people.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: There have been no losses on subordinated debt.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: The Deputy does not want to accept it.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: They would have closed in days, if not. That is what Professor Honohan said. Does the Deputy agree with him?

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: Okay. I apologise.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: Deputy Morgan is being mischievous.

Irish Banking: Statements (18 Nov 2010)

Frank Fahey: Deputy Morgan has a lot in common with Deputy Noonan since he took over from Deputy Richard Bruton.

Financial Stability Development in Ireland and Elsewhere: Statements (16 Nov 2010)

Frank Fahey: Put Labour in coalition and-----

Education (Amendment) Bill 2010: Second Stage (Resumed) (10 Nov 2010)

Frank Fahey: I welcome this Bill. It is long overdue. I welcome the fact that the VECs are becoming involved in primary education. Whatever we may say about the VEC system it has been successful in the administration of education in localities throughout the country. The necessity for rationalisation has been long overdue and I welcome that development. We should recognise the success we have had in...

Education (Amendment) Bill 2010: Second Stage (Resumed) (10 Nov 2010)

Frank Fahey: -----who became ghettoised and totally removed from mainstream society, and therefore began to create all of the trouble that we have seen in Britain as well as in other European countries. I tried to address this. Instead of talking about segregation we put in place a very significant programme of integration. This Bill enables us to put that into practice in a very practical way. The...

Private Members' Business. (2 Nov 2010)

Frank Fahey: This is a populist motion by the Fine Gael Party, the key to it being that it "recognises the widespread public anger that those chiefly responsible for the crisis have not been held to account" and "calls on the Government to adequately resource the Garda". There is public anger. Everybody is angry about the way in which the banking system failed miserably. Regling and Watson, and Governor...

Private Members' Business. (2 Nov 2010)

Frank Fahey: It is interesting that Deputy Shatter says that because the reality, and Regling and Watson pointed this out, was that going back to the time of T K Whitaker, who tried to put in place the proper economic and fiscal expertise within the Department of Finance, it was not put in place, not when the Deputy's party was in Government or when our party was in Government.

Private Members' Business. (2 Nov 2010)

Frank Fahey: During that four year period, I did not hear anybody from the Fine Gael benches calling for any reduction in the amount of credit that was being given out by the banks. It is fair to say that all parties in the House wanted to see that credit regime continue.

Private Members' Business. (2 Nov 2010)

Frank Fahey: In fact, some of the Opposition parties were calling for more money to be spent and for money to be taken out of the National Pensions Reserve Fund to fund further infrastructural development. This motion will not fool anybody. There is great anger about the situation. We all want to see people who have broken the law brought to justice but Deputy Shatter knows more than anybody else that...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Frank Fahey: Yesterday for the first time Deputy Gilmore outlined the key economic and fiscal policies the Labour Party would introduce if it got into government. The cornerstone of its policy is raising taxes and providing a stimulus package through the establishment of a strategic investment bank. Both policies are fundamentally flawed. At a time when the international markets are scrutinising our...

Macro-Economic and Fiscal Outlook: Statements (27 Oct 2010)

Frank Fahey: The Labour Party has not been proven correct. It has been proven completely wrong.

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