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Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Question put and agreed to.

Gnó na Dála - Business of Dáil (23 Nov 2023)

Gnó na Dála - Business of Dáil (23 Nov 2023)

Paul McAuliffe: As we conclude proceedings, I wish to take a second to acknowledge the shocking incident that took place today in Dublin city. I know the thoughts of the Members and staff here in the House are with those involved, their families, the emergency services and the hospital staff who came to their assistance.

Gnó na Dála - Business of Dáil (23 Nov 2023)

Cuireadh an Dáil ar athló ar 6 p.m. go dtí 2.p.m., Dé Mairt, an 28 Samhain 2023. The Dáil adjourned at at 6 p.m. until 2 p.m. on Tuesday, 28 November 2023.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Paul McAuliffe: As no other Members are indicating, the Minister of State has ten minutes to close the debate followed by the proposer for ten minutes.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: I would like to address what Deputy Conway-Walsh said with regard to the banks and the Government strategy to divest from banks. The Government does not have a view that it should remain an owner of the bank. The Government also had the view that it should move back to private ownership as part of the broader economic strategy of showing that the State does not engage and does not get...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Rose Conway-Walsh: It is the timing.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: I am sorry; I have debated it in the House, Deputy Conway-Walsh.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Rose Conway-Walsh: Yes, but it is the timing of the selling of the shares.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Paul McAuliffe: Let the Minister of State speak.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: Excuse me; I am speaking. Sinn Féin would, in fact, interfere in the decision-making of corporates, as evidenced by its legislation on insurance. Sinn Féin would also maintain a stake in the banks on the off chance that share prices would rise. Of course, it is easy to come into the Chamber and say this and that happened. Share prices are volatile, however. Had the Government...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Rose Conway-Walsh: It is not easy at all. It is complicated.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: -----and criticise one way or the other. The State, as the Deputy knows, has had a long-term strategy to divest precisely for that broader reason of not being involved and to have a hands-off approach from the management. However, we have actually had very good success in reducing the shareholding and making sure we have tried to recover as much for the taxpayer as possible. The Deputy...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Paul McAuliffe: It was an accident. The Minister of State still has five minutes. I apologise.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: I cannot find the piece that I was going to say so perhaps I had best sit down.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Paul McAuliffe: I apologise to the Minister of State for that. I am sure she has no objections if Deputy McGuinness takes additional time.

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

John McGuinness: It has been a worthwhile discussion. I think an Cathaoirleach Gníomhach deliberately knocked the gong there to knock the Minister of State off her last few minutes. I remember the late Brian Lenihan in this debate and "Hell at the Gates" and all he did in terms of everything that happened at that time. History will be very kind to Brian Lenihan in the job he did at that time. He...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Rose Conway-Walsh: I thank the Cathaoirleach of the finance committee, Deputy McGuinness, for his work and for the work of the committee on the report on banking. The report predates my time on the committee but I want to indicate my support for the general assessment and the recommendations in the report. The report is rightly critical of the banking sector for this historic damage to the economy and for its...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

Jennifer Carroll MacNeill: I thank Deputy McGuinness and the members of the committee for the invitation to discuss the Report on Banking 2022, which was published ten months ago. I appreciate that it is a wide-ranging report, and I want to address all the points. I also want to address the specific issues that Deputy McGuinness raised. I will try to do both in my time. The first ten recommendations in the...

Report of Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motion (23 Nov 2023)

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