Results 301-320 of 45,537 for speaker:Stephen Donnelly
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Am I correct in thinking that, broadly, Bank of Ireland will make approximately â¬30 million this year out of that deal? If we take 135 basis points on â¬3.06 billion over nine months, there is approximately â¬30 million for Bank of Ireland out of the deal.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That is a real additional cost.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That was a time-limited guarantee and what the Minister has just stated is absolutely not true.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That was a time-limited guarantee and we, as the sovereign, are under no obligation to honour an expired guarantee. The Minister has just stated he is not seeking or has not achieved any write-down in the total quantum of debt.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Okay. This is the question I want to ask the Minister. The Taoiseach has stated in this Chamber that in all negotiations, including those in respect of the bondholders and the promissory notes, the present Government has never sought, is not seeking and will never seek any write-down in the total quantum of debt Ireland ultimately will owe. He has made that statement in this Chamber and...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: Can the Minister confirm he was not actively seeking such write-downs? I apologise but this is an extremely important point. That was not the question, as I understand the position of the ECB and the Commission. Directly contradictory claims have been made by members of the Cabinet and this is extraordinarily important. Despite what is the ECB's position or despite what it has told the...
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That is not the question. I understand that.
- Banks Recapitalisation (18 Apr 2012)
Stephen Donnelly: That is not what I asked the Minister. That is not the question.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I have listened to numerous Fine Gael and Labour Deputies give reasons for a "Yes" vote today, and they have ranged from the very reasonable from Deputy Hannigan to the comedic and farcical from Deputy O'Donovan, who seemed happy to throw stones but scuttled off as soon as anybody looked to stand up and reply.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I suggest that Fine Gael invest in some training in political and social philosophy for some of the backbenchers. It might clarify the fact that they have joined a party which is centre-right and is gradually drifting further right. That is what their policies represent. The Deputies from Labour and Fine Gael have given some reasons to vote "Yes" but they have repeatedly stated there are...
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: It is not just two.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I will do so. Why would somebody consider a "No" vote? I have considered the six pack, the Stability and Growth Pact and the fiscal compact. I have some background in economics, although I am not an economist and do not have a PhD in economics. I do not understand their complexity, although I get them at a basic level. There is a wide range of deeply complex economic measures in there....
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: They cannot even measure the structural deficit. We are about to sign up to a serious treaty that requires compliance with a structural deficit target that no one can measure, which is crazy. Compliance will lock in austerity. Various Deputies referred to not repeating the mistakes of the past. The point of the treaty is to lock in an austerity based approach from where we are now. The...
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I encourage the Government to stop misinforming the Irish people.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: I told you why I am undecided------
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: The IMF would.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: That was my point exactly.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: There is the structural deficit.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: It is â¬5 billion a year.
- Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Second Stage (Resumed) (18 Apr 2012)
Stephen Donnelly: What does the Deputy think will happen?