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Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Brian Lenihan Jnr: The current Government has given a bigger guarantee with full information.

Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Brian Lenihan Jnr: I am not shouting the Minister down.

Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Brian Lenihan Jnr: It was Edinburgh.

Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Brian Lenihan Jnr: I also commend the report to the House and thank the Minister for his introduction to the report and the constructive tone of that introduction. The report is damning in respect of both the Financial Regulator and the Central Bank. It concludes that the Financial Regulator and the Central Bank were aware of the problems in Anglo Irish Bank and in Irish Nationwide Building Society in...

Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Brian Lenihan Jnr: I did not realise I had taken up so much time. I will conclude by referring to the Minister's comments on the new banking stand-alone unit accountable to him through the Department of Finance. I can appreciate what he is attempting to do. At the time of the guarantee, responsibility for execution and formulation of policy rested exclusively with the Department. From 1 January 2010,...

Order of Business (14 Apr 2011)

Brian Lenihan Jnr: The jobs budget has now become a jobs initiative. Will the initiative be subject to a statement in the House? A budget would require a statement, but will the initiative be subject to a statement? Second, when will the fiscal responsibility Bill be published? The Government has promised a comprehensive public expenditure review in September. How does that relate to the fiscal...

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: The decision by Portugal yesterday to seek help confirms yet again that Ireland is far from being alone in facing grave difficulties on the financial and economic front. I am sure the Tánaiste is aware that the terms of the deal to be secured by Portugal will be of great relevance to Ireland. The deal should confirm again that the interest rate to be charged will be reduced in order to...

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: There was a vote.

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: I wish-----

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: I was invited to-----

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: I will not abuse your liberality or hospitality. I was never in a hospitality tent.

Order of Business (7 Apr 2011)

Brian Lenihan Jnr: There were, of course, no negotiations last year on the interest rate because the different instruments had predetermined the interest rates to be charged. When the Government raised this issue in February, the Commission supported a change in the interest rate. We should take the opportunity to nail this down. I wish the Minister for Finance well in his endeavours.

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: I spent two years pointing that out.

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: I propose to share time with Deputy Willie O'Dea. This is an essential first step and a prerequisite to economic recovery. It has been a successful first step because the Minister has built on the policies of the previous Government. Leaving aside the rhetorical party flourishes about who might have been to blame and what steps should have been taken, the Minister has outlined that the...

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: In fairness, Deputy Noonan closed the Fine Gael national recovery bank.

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: Of course it did.

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: On a point of order, I am entitled to be called a Deputy in this House.

Bank Reorganisation: Statements (6 Apr 2011)

Brian Lenihan Jnr: The Deputy could show a bit of manners.

Order of Business (6 Apr 2011)

Brian Lenihan Jnr: Something arose in the course of the Tánaiste's replies that I wished to probe further.

Order of Business (6 Apr 2011)

Brian Lenihan Jnr: On promised legislation, the Tánaiste indicated that it was not normal practice to include proposals to change the Constitution in the programme for Government. However, the Government has undertaken to establish a constitutional convention. Does this require legislation and, if not, will there be all-party consultations about the composition of this convention?

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