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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Gerry Horkan: I will touch on the Everyday Finance portfolio of May 2018. They were the bank's customers, but the record is fairly dismal. The average balance is €1.4 million, with 800 connections and 3,700 assets, which is approximately 4.5 assets per connection. Will the delegation give us some idea of what was happening? All of these people were loaned money, there were many connections and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Sector Standards Bill 2015: Engagement with AILG and LAMA (21 Nov 2017)

Gerry Horkan: ..., does not know what will happen in the future. Some counties are large. I happened to be a representative in the geographically smallest local authority in the country. It was 8 miles long and 5 miles wide. In large counties, however, a councillor who is an architect or quantity surveyor could be rezoning land a long way from where he or she lives only to be asked in a year's time to...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: ...looked into this and it is a good idea to be involved in it. It is estimated that our shareholding will be only 0.14% of the entire bank, which is not a huge exposure. I think it amounts to €5 million a year over five years. I welcome our involvement and Members' support for it and wish the bank and our investment in it well in the future.

Seanad: Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 Jul 2017)

Gerry Horkan: ...are rapidly increasing in their monetary wealth per head. I do not believe that any of us realise how vast China is. India and Pakistan, among others, are enormously large countries, with 600 to 800 million populations. China has over 1 billion people. A new power station opens in China every four days. There are markets and opportunities there. As a First World country, it is our...

Seanad: Communications Regulation (Postal Services) (Amendment) Bill 2016: Second Stage (28 Feb 2017)

Gerry Horkan: ...to make the payment through the post office. Our local authority is doing its bit to help the post office network. There was a situation where my former local authority would have to pay €150 to do a secure cash delivery and would have only picked up €30 to €40. The post office offers a major retail network and it is important to harness it where possible. We can...

Seanad: Budget 2017: Statements (11 Oct 2016)

Gerry Horkan: ...to ensure we had a stable government. This means we have avoided the political paralysis we currently see in Spain, which is facing into its third election in 12 months. Another election here would cost the State €40 million. We are committed to having an impact, not simply shouting about it. Thanks to the sacrifices of the Irish people, the economy is performing strongly, with...

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