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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Aideen Hayden: My questions come from a layman's perspective. There is a view among the lay population that venture capitalists are synonymous with vulture capitalists. What springs to mind is a character like Gordon Gekko, taking over a small company, asset-stripping it and selling it off to the market for its bits and pieces or body parts. As a category of investor, venture capitalists do not have a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Aideen Hayden: -----than in Europe. That means the reality is the opposite. It is 20:80 versus 80:20. There is a general perspective that the Irish financial system does not support SMEs or investment in SMEs. We need to move towards more engagement by venture capitalists in the European markets in order to promote and stimulate growth. Mr. O'Mahoney mentioned in his initial presentation the idea of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Aideen Hayden: Mr. O'Mahoney. We will conclude very shortly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Aideen Hayden: In the technology sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Aideen Hayden: On behalf of the joint committee I thank our witnesses, Mr. O'Mahoney from Chambers of Ireland and Ms Breheny from the Irish Venture Capital Association, for participating in this meeting and for the material they supplied to the committee. I propose to suspend briefly to facilitate the arrival of the witnesses for the next session. Is that agreed? Agreed.

Seanad: Order of Business (30 Mar 2015)

Aideen Hayden: Last Friday the Department of Social Protection published a report on the rent supplement scheme which recommended that rent supplement limits not be increased on the basis that it would accelerate the rate of rent increases in the market. That is patent rubbish because rents are increasing in the Dublin by 10%, some indices by 15% and in the rest of the country at different levels. They...

Seanad: Order of Business (27 Mar 2015)

Aideen Hayden: In recent days we have seen at the Joint Committee of Inquiry into the Banking Crisis a discussion about the role of the media in the property boom. The discussion on the issue raises some disturbing questions about how journalists' objectivity can be affected by the reliance of newspapers on their property supplements. Aside from the critical issue of the impact that the media coverage had...

Seanad: An Bille um an gCeathrú Leasú is Tríocha ar an mBunreacht (Comhionannas Pósta) 2015: Céim an Choiste - Thirty-fourth Amendment of the Constitution (Marriage Equality) Bill 2015: Committee Stage (27 Mar 2015)

Aideen Hayden: I oppose this amendment. I would like to concur with the views that have been just expressed by Senator Zappone. I think the Title of this Bill could not be more appropriate. What is this Bill about? What is this referendum about? They are about giving equality of access to the institution of marriage. At the moment, we do not have equality of access to the institution of marriage. It...

Seanad: Order of Business (26 Mar 2015)

Aideen Hayden: I want to bring the House's attention to a PRTB rent index study published today, which shows that rents nationally are rising by about 5.8%, but in Dublin they are rising by about 10%.Just in case anybody believes this is a Dublin problem, a more recent survey, by Daft.ie, shows that while rents rose in Dublin by almost 15%, they rose in Cork by 7.9%, in Galway by 7.2% and in Limerick by...

Seanad: An Bille um an gCeathrú Leasú is Tríocha ar an mBunreacht (Comhionannas Pósta) 2015: An Dara Céim - Thirty-fourth Amendment of the Constitution (Marriage Equality) Bill 2015: Second Stage (25 Mar 2015)

Aideen Hayden: I welcome the Minister to the House on this historic occasion. I wish to congratulate my colleague, Senator Zappone, on what is probably one of the most incredible speeches I have ever heard, particularly in this House. I fully support marriage equality and the thirty-fourth amendment of the Constitution. This is an issue of human rights and equality. Everyone has a right to marry and to...

Seanad: Children and Family Relationships Bill 2015: Second Stage (24 Mar 2015)

Aideen Hayden: I welcome the Minister to the House. Obviously I welcome the Children and Family Relationships Bill, which is the most important update in family law in a generation. It reflects the diversity of modern Irish families and puts children at the heart of family law. I share the views of Senators Power and Naughton that it is unfortunate that much of the media comment and some of the comment...

Seanad: Order of Business (10 Mar 2015)

Aideen Hayden: I support calls by Senators Bacik and Naughton, and I called for the same last week, for a debate on the whole issue of mortgage arrears. It is no secret that there are between 7,000 and 8,000 applications before the courts and that an estimated 25,000 actions for repossession are expected to take place this year. I would like to broaden the debate beyond simply a review of the Insolvency...

Seanad: Ireland's Diaspora Policy: Statements (10 Mar 2015)

Aideen Hayden: I welcome the Minister of State to the House and also welcome him as the first Minister in this country with specific responsibility for the diaspora. It shows the commitment this Government has to the diaspora and the future of our relationship with the diaspora. I will start by quoting from a document I will be bringing to the Minister of State's attention. This is an information...

Joint Oireachtas Committee on European Union Affairs: Possible Exit of UK from European Union: Discussion (Resumed) (5 Mar 2015)

Aideen Hayden: I welcome the Minister of State, Deputy Dara Murphy. It is very good that we have an opportunity to explore the Irish Government's perspective on this issue at a reasonably early stage in the process. As the Minister of State said, there is no other country that would be as affected by a potential British exit as Ireland would be. That is true for a number of reasons, not least of which is...

Seanad: Order of Business (5 Mar 2015)

Aideen Hayden: I again add my voice to the call for a debate not just on the banking sector but on the issue of mortgage arrears, a debate I have called for on number of occasions. As shareholders in AIB, most of us are probably delighted it had a €1.1 billion pre-tax profits in 2014 as opposed to a €1.7 billion loss in 2013. However, a closer examination of the figures reveals that...

Seanad: Order of Business (5 Mar 2015)

Aideen Hayden: I am calling for a debate on the Insolvency Service of Ireland and why its output and outcome have been so miserable

Seanad: Order of Business (5 Mar 2015)

Aideen Hayden: Abysmal and miserable.

Seanad: Order of Business (5 Mar 2015)

Aideen Hayden: We should have that debate as a matter of urgency. As a member of the Joint Committee on Finance, Public Expenditure and Reform, it is clear there is a tsunami of repossessions coming and people in mortgage arrears are not being properly represented. There is no level playing field when it comes to the relationship between somebody in mortgage arrears and their bank. That is an issue the...

Seanad: Order of Business (5 Mar 2015)

Aideen Hayden: What did the Government of which the Senator was a member do for people in mortgage arrears when it was in Government? Nothing.

Seanad: Order of Business (4 Mar 2015)

Aideen Hayden: I welcome the commitment by the Minister, Deputy Kelly, over the weekend that he intends to move to regulate rent increases in the private rented sector. This is an issue that has achieved support from all sides of this House, not least because one in five families in our country and one in three in this area alone are living in rented housing and have been subjected to scandalous increases...

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