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Credit Union Bill 2012: Second Stage (Resumed) (14 Nov 2012)

Dara Murphy: I welcome the opportunity to speak on this Bill. Everybody accepts that credit unions play a very important role in this country and appreciates the voluntary status and nature of those involved with credit unions. Their importance can be seen in two large suburban areas in Cork. There are four financial institutions - two banks and two credit unions - in the north east of the city, but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: I welcome the officials from the Department of Finance. I will address the issue of macro-economic forecasts in a moment but first I welcome the legislative proposals. Irish taxpayers should be pleased that significant aspects of the rules that we, as a programme country, are obliged to follow will be applied to other countries. Perhaps some of the difficulties Europe has experienced by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: In that case, Ireland is very much at the beginning of the process.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: How many, if any, of the non-programme countries come within the ambit of the 75% figure or does it apply only to Portugal, Ireland and Greece?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: While the proposed regulation states that this is a cover-all measure, it still only pertains to the programme countries.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: Spain is one such example.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: I will skip through two other areas as the Chairman is very strict with time. What is the difference between the surveillance that would be in place after a country leaves a programme compared with the surveillance currently applied to Ireland by the troika?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: Would reports be issued?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: It would not be good news for the Merrion Hotel if the delegations were to visit less frequently. On the independent macro economic forecast, there are different types of forecast. Can the Government choose which independent forecaster to use or must it advise the relevant authorities in advance? In other words, could it nominate the Irish Fiscal Advisory Council as its designated body...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: Does it say bodies, plural?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: Will this be clarified? The three questioners so far have all posed the same question in greater detail.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: I too welcome the officials to the meeting this afternoon. The issue definitely falls under EU scrutiny because the Government has made it clear that as a country we are opposed to the financial transaction tax. It is clear that approximately 60% of the countries within the EU share that position. We should not have any insecurity in that regard. To follow on from the previous question,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: Two thirds to the European Union and one third to the member state. Would it be proposed that if we were to proceed we would have to abolish our current stamp duty position on shares or would it be another tax?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Dara Murphy: It would have to go across the board. Okay. That is the end of my questions.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: Deputy Martin did not turn up at meetings while he was in government.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: The Deputy did not. That is what officials in Europe report.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: The past decade under Fianna Fáil was the worst ever for attendance at meetings.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: It is a fact.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: It is not.

Pre-European Council Meeting: Statements (21 Nov 2012)

Dara Murphy: It is what European officials say about Fianna Fáil Ministers.

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