Seanad debates

Friday, 30 November 2012

Personal Insolvency Bill 2012: Committee Stage (Resumed)

 

10:00 am

Photo of David CullinaneDavid Cullinane (Sinn Fein) | Oireachtas source

The Minister spent ten minutes attacking Fianna Fáil. He is entitled to his views and I share many of the sentiments that he expressed. However, we have 120 amendments before us. I hope that this does not become a Punch and Judy show for the next couple of hours and that we can get down to the business of dealing with the amendments. The Minister needs to take some responsibility for his comments in this regard. He tried to take us down a cul-de-sac, but we should avoid those.

Regarding the banking sector and its powers, it is not right of the Minister to claim that the banks do not have a veto. He knows that the banks have complete power over personal insolvency arrangements. This is one of the central critiques of the Bill by many parties as well as individuals outside the political establishment. We all accept that the Bill's provisions are a step forward, but suggesting that the banks are in any way being forced to compromise does not match the reality of those provisions.

I will stick to the amendments, as we have many to discuss during the coming hours.

I ask the Minister not to engage in party political point-scoring with any party, as if he does we will not get through all the amendments. We all want to do them justice.

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