Results 221-240 of 244 for 5 million speaker:Stephen Donnelly

European Council Meeting: Statements (5 Jul 2016)

Stephen Donnelly: .... The figure on the first day after Brexit was approximately €10 billion. A total of 40% of trade between indigenous Irish companies and the world is between Ireland and the UK so €2 in €5 that Irish companies trade globally is traded with the UK. We also know that UK tourists account for about one quarter of all spend by foreign visitors to Ireland. Last...

Estimates for Public Services 2016 (Resumed) (16 Jun 2016)

Stephen Donnelly: We are debating whether to sign off on an additional €500 million for the health budget, an issue I will address alongside the lack of an analysis provided for the Dáil on same. While we are discussing health services that need more funding urgently, I wish to raise a particular matter, that of Cappagh National Orthopaedic Hospital, about which a constituent of mine contacted me...

European Council Meeting: Statements (22 Mar 2016)

Stephen Donnelly: ...the rights and dignity of people fleeing conflict in Syria. We also need to play whatever role we can, as a small neutral country, to address the underlying causes of the migration crisis. Nearly 5 million people have fled their homes in Syria over the last five years and we are now entering what has come to be known as "drowning season" in the Mediterranean. The situation in Syria is so...

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (9 Jun 2015)

Stephen Donnelly: ...specific to Siteserv: allowing the company to run the sales process, excluding trade buyers from the sales process, entering into exclusivity with one bidder, paying the shareholders in an insolvent company €5 million and not accepting the highest bid. The Department stated that it believed these issues "resulted in a less optimal return for the bank". These concerns should have...

Water Services Bill 2014: Committee Stage (Resumed) (11 Dec 2014)

Stephen Donnelly: That is probably a reasonable cost for the meters. The final figure the Minister gave - I appreciate him getting it - is that the additional cost of billing would be €22 million per year. The figure I have is that it would be a lot higher but I accept that is the figure the Minister has been given. Here is where we are, based on the figures we have tonight. Some €271...

Water Services Bill 2014: Committee Stage (Resumed) (11 Dec 2014)

Stephen Donnelly: I appreciate that the Minister is trying to answer the questions and we are making progress here. The estimated amount that will be raised is €271 million. I presume that includes the 50% who beat the meter. The cost of payments under the €100 grant arrangement is some €130 million, which leaves a net position of €141 million. Deputy Shortall and I are asking...

Water Services Bill 2014: Committee Stage (Resumed) (11 Dec 2014)

Stephen Donnelly: ...to discover what will be the cost of the grant and the impact of the grant on the net revenue raised. The Minister stated that the revenue raised under section 3 will be approximately €271 million. Obviously, there will be a cost associated with section 5 and this will reduce the net benefit from €271 million. The figure circulating in respect of the net amount is...

Financial Resolutions 2015 - Financial Resolution No. 3: General (Resumed) (15 Oct 2014)

Stephen Donnelly: ...move the burden from higher income households to lower income households. This should not have been done. The budget also avoid cutting spending where it should have been cut. An additional €500 million in new measures includes social housing, which am glad to see. There is an additional €900 million for something called demographic pressures. The detail of it is...

Written Answers — Department of Finance: Personal Insolvency Act (2 Oct 2014)

Stephen Donnelly: 34. To ask the Minister for Finance if his attention has been drawn to the research from a personal insolvency practitioner (details supplied) that shows that more than seven banks lost €5 million by vetoing insolvency deals; his views that banks are prepared to cost themselves millions of euro to PIAs. [37069/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Stephen Donnelly: Am I correct in thinking, if we take Anglo Irish Bank as an example - another Anglo - and its losses were €30 billion, that the first level, which is 8%, would be €240 million and that the next level in the cascade, which is the resolution fund, would be 5%, which would be €150 million? In the case of Anglo Irish Bank, which on a European scale is tiny – it is big...

Written Answers — Department of Finance: NAMA Operations (1 Jul 2014)

Stephen Donnelly: ..., if he believes his decision in March 2011 to increase the threshold for eligible loans being acquired by the National Asset Management Agency from Bank of Ireland and Allied Irish Banks, from €5 million to €20 million was, in retrospect, the correct decision; if he has any plans to revisit that decision; and if he will make a statement on the matter. [28072/14]

Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)

Stephen Donnelly: ...assisted voluntary sales are not always such. Therefore, 40% represent legal proceedings, while 10% are so-called assisted voluntary sales, representing half of the offers made so far. A further 35% of the offers made so far actually increase the total payments that borrowers will make to banks over the life time of the loan. These include interest-only arrangements, term extensions and...

Leaders' Questions (11 Feb 2014)

Stephen Donnelly: ...I cannot imagine how frustrating it is to be one of the owners of these 14,000 mortgages around Ireland and to hear representatives of the Government say that we gave Irish Nationwide more than €5 billion in dead money to ensure every single one of the bondholders was covered. The Government stood over a €900 million bond payout 18 months ago for an unguaranteed bond that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: ...then work out the regulated price of the service. This is exactly the same. I would expect to see an official from the Central Bank sitting down with a company and saying as it is lending €50 million, the cost to the company is 5%; that the Central Bank deems a reasonable return on invested capital in this market, based on risk, to be 20% and therefore the price of the product;...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Let us say they are lending €50 million. Are they making a profit of €5 million? Would that be correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Invest in Irish Job Scheme: Discussion. (10 Jul 2013)

Stephen Donnelly: ...2000s, there was a move towards professionalisation and an acceptance, for instance, that it is necessary to pay decent wages to attract the right people, people who will bring in 20, 100 or even 150 times their wage in funding. By the international standards I have seen, the sector here is still very amateur. It is too small, there is not sufficient scale, and we see a hang-up on wages....

Public Sector Pay and Conditions: Motion (Resumed) [Private Members] (24 Apr 2013)

Stephen Donnelly: Croke Park II was rejected because it is a failed construct. I have no issue with the target to reduce public expenditure by €300 million but I object to Croke Park II, which aims to take it wholly and exclusively from pay and other remuneration. Any proposal to reduce expenditure must comply with three principles, the first of which is that public sector workers must be allowed find...

Euro Area Loan Facility (Amendment) Bill 2013: Second Stage (Resumed) (23 Jan 2013)

Stephen Donnelly: The Bill before the House seeks to reduce the interest rate on a portion of Greece's debt to 0.5% and to lengthen the repayment schedule by up to 15 years. I support the Bill in the hope that it will go some way towards helping the Greek state and people to tackle the painful social and economic crises with which they are dealing. These changes are the latest in a set of financial...

Electoral (Amendment)(Dáil Constituencies) Bill 2012: Second Stage (20 Nov 2012)

Stephen Donnelly: It reduces the number of Deputies from 166 to 158, which is a reduction of eight or less than 5%. On the basis that each Deputy costs the Exchequer approximately €250,000, that constitutes a saving of approximately €2 million. However, will that make the Oireachtas more effective or will it make democracy more effective in Ireland? It will not, although I believe it could have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Public Expenditure and Reform Vote: Discussion with Minister for Public Expenditure and Reform (17 Oct 2012)

Stephen Donnelly: Okay, fine. Last year it was €250 million. If that was done for four years it would be €1 billion. It is pretty straightforward. Also on increments, there is considerable talk about those at the higher end and that people on lower wages should not be hit on increments. While that may be true in some cases, it is not necessarily true for new entrants. Let us consider a...