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Seanad: Order of Business (20 Jan 2011)

Eugene Regan: We are back to GUBU days with the decision of the Taoiseach on forming a new Government a few weeks out from an election. The Financial Times refers to the Taoiseach as being toast. The Irish Times refers to the Government as heading for the knacker's yard yet every effort is being made to delay the election and to delay the recovery of this economy and the image of this country, both...

Seanad: Order of Business (20 Jan 2011)

Eugene Regan: My question for the Leader follows. Last year, in the middle of the negotiations on the EU-IMF bailout, the Green Party pulled the plug on the Government and called for an election, insisted on an election, before the end of January. Now, the Minister for the Environment, Heritage and Local Government, Deputy Gormley, is reported to have led a delegation to meet the Taoiseach yesterday,...

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: Fianna Fáil backbenchers now know what it is like to be misled by the Minister for Finance, Deputy Brian Lenihan, as he did on the leadership of Fianna Fáil. They should not be surprised.

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: It is relevant to the question I will ask the Leader.

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: They should hardly be surprised because the Minister misled his own Cabinet colleagues on the EU-IMF bailout and had them making a fool of themselves on national television, denying there was any talk of a bailout. I am thinking of the Ministers, Deputies Dermot Ahern and Noel Dempsey, in particular.

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: The Minister has misled the whole country on the economy since taking office over two years ago. He has misled us on turning the corner, bank bonuses, subordinated debt holders and on the EU-IMF bailout.

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: The Minister should make a statement on the following matter. There were reports last week that the ECB had urged the Government to take emergency measures and bring forward the budget for 2011. A member of the bank stated: Markets waited and waited and since they saw no policy reactions they started to lose confidence in the course of the summer. There was a downgrade in August but there...

Seanad: Order of Business (19 Jan 2011)

Eugene Regan: The Minister should make a statement in this House on the matter to explain himself.

Seanad: Order of Business (18 Jan 2011)

Eugene Regan: I refer to the latest flip-flop by the Minister for Finance. Having fomented dissent against the Taoiseach, as leader of the Fianna Fáil Party, he announced on the one o'clock news that he would hang in with the Taoiseach.

Seanad: Order of Business (18 Jan 2011)

Eugene Regan: This is a matter of public record. I am talking about the one o'clock news today on which Deputy McGuinness outlined precisely what happened. This flip-flop by the Minister has no consequence because it really does not matter to this country who is leader of Fianna Fáil, whether it is Deputies Brian Cowen, Micheál Martin or Brian Lenihan.

Seanad: Order of Business (18 Jan 2011)

Eugene Regan: There have been flip-flops by the Minister for Finance of a much more serious nature in the economic sphere and I will cite three. The first was the bank bonuses where he maintained that his hands were tied and that he could do nothing about them, yet he subsequently passed legislation to deal with that issue. The second was that subordinated bondholders could not be touched, yet...

Seanad: Order of Business (18 Jan 2011)

Eugene Regan: What was impossible is now possible. I ask the Leader to invite the Minister for Finance to the House to explain himself on the EU-IMF deal.

Seanad: Multi-Unit Developments Bill 2009 [Seanad Bill amended by the Dáil]: Report and Final Stages (13 Jan 2011)

Eugene Regan: I also welcome the extensive range of amendments tabled and agreed to in the Dáil. In the extensive debate held in this House many issues were raised which I note are reflected in the Bill. I also consider it is important to get this Bill right, as it deals with an important issue, namely, a change in ownership structures, the need to regulate management companies and provide for their...

Seanad: Multi-Unit Developments Bill 2009 [Seanad Bill amended by the Dáil]: Report and Final Stages (13 Jan 2011)

Eugene Regan: However, I agree with the amendments.

Seanad: Multi-Unit Developments Bill 2009 [Seanad Bill amended by the Dáil]: Report and Final Stages (13 Jan 2011)

Eugene Regan: This is a good piece of work. We started out in this House with a different Bill. The multitude of amendments made is an indication of the extraordinary amount of work done by departmental officials and the Minister. This is an important Bill. It is good to participate in the passing of what may be the last Bill to be passed by the Oireachtas in the term of office of the Government. The...

Seanad: Order of Business (13 Jan 2011)

Eugene Regan: Why is the Taoiseach being so defensive on this matter? If he is innocent, why does he look so guilty? The Taoiseach is now our most toxic asset. We have an extraordinary opportunity in the US to establish a new beginning and set a new image for this country. We have an image of our Taoiseach in the US that is one of derision, following the feature on "The Tonight Show with Jay Leno", and...

Seanad: Order of Business (13 Jan 2011)

Eugene Regan: I do not believe the Taoiseach should represent this country in the United States on 17 March.

Seanad: Order of Business (13 Jan 2011)

Eugene Regan: It is of vital national interest-----

Seanad: Order of Business (13 Jan 2011)

Eugene Regan: The importance of the United States to this country-----

Seanad: Order of Business (13 Jan 2011)

Eugene Regan: There is US company investment of €100 billion, the employment of 100,000 people and a contribution in tax revenue of €3 billion every year. We need a new beginning and a new image to be projected in the United States and I do not believe the Taoiseach can do this. The Government and especially the Minister for Finance, Deputy Brian Lenihan, have stated they cannot do anything about bank...

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