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Financial Resolution No.5: General (Resumed). Debate resumed on the following motion: (10 Dec 2009)

Michael D Higgins: ...but to what it would reveal. Yesterday, it was suggested in regard to the tax breaks, for example, that somehow or other, we have just come to our present position like it was an attack of the 'flu. In 2004 annual tax reliefs cost us €8.4 billion, which equated to 22% of total taxation. That is the year my colleague, Deputy Burton, Labour Party spokesperson on finance, raised the issue...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Michael D Higgins: ..., to which the Minister subscribes, is in crisis at home and internationally. Speculative investment with no responsibility is the global contagion to which the Minister referred as some kind of flu. Last night, the Tánaiste spoke about this measure as a new tool in the toolbox. That is the depth of thinking at the top of the Government. Somebody else referred to it as a contagion,...

Irish Economy: Motion (Resumed) (25 Sep 2008)

Michael D Higgins: ...issues. I say this for two basic reasons. The first is because the Minister for Finance is describing the external conditions, such as what he calls "the credit crunch" as a kind of international flu. I wish to state immediately that those who want to look at the different models of international finance must conclude that a debate is taking place at present in Washington about how one...

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