Seanad debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Second Stage

 

7:10 pm

Photo of Fiach MacConghailFiach MacConghail (Independent) | Oireachtas source

That is my challenge. I refer to Senator Barrett's most eloquent defence of our democracy and the most eloquent defence of the Seanad's proceedings. I share his disquiet about what I term the undignified haste of this legislation. I am not condemning this important legislation. However, we have had to convene at great haste. Even my own inarticulacy at 4.30 a.m. is a part of that problem. Senator Hayden also eloquently described the issue. We understand the issues involved but we have to come to terms with the haste and we have to try to complete the equation. My criticisms are not intended to be negative of Senator Coghlan's views but rather it is a genuine reflection on what is occurring in the Oireachtas. This is not the first time. We know the way we were treated during the passage of the Social Welfare Bill before Christmas. There is a disquieting habit creeping into this House. This is no reflection on the Minister.

I am personally delighted that the IBRC will be terminated, liquidated, got rid of. That is a good news story and I am proud to be connected with it. Mar a deirtear as Gaeilge "Téigh go tigh an diabhail acu", agus buíochas le Dia nach bhfeicfidh muid arís go deo iad.

However, I am trying to make sense of the Minister's challenge. In my view we are in limbo. The Minister is asking us to take a punt on his ability to deliver. I do not underestimate his negotiating skills but we are taking a punt on the Government delivering on the promissory notes tomorrow. That is the challenge as to how I will vote. I am trying to reflect on my challenge in this vote. I think Senator Coghlan agrees with me inadvertently again.

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