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Show details for Address to Seanad Éireann by Mr. Pat The Cope Gallagher, MEPAddress to Seanad Éireann by Mr. Pat The Cope Gallagher, MEP
Show details for MotionsMotions
Hide details for Order of BusinessOrder of Business
25/04/2013 [Order of Business] The Order of Business is No. 1, motion regarding arrangements for the address to the House by Mr. Seán Kelly, MEP, on 30 April 2013, to be taken without debate at the conclusion of the Order of Business; No. 2, motion regarding arrangements for the address to the House by Ms Ness...Vol-222 Book-13 Page [753]
25/04/2013 [Order of Business] It is safe to say this has probably been one of the best weeks for the two Irish pillar banks since the Government took over. First, the Government bottled it by deciding to abstain from a vote on directors' and executives' remuneration in Bank of Ireland, an action I am sure th...Vol-222 Book-13 Page [753]
25/04/2013 [Order of Business] This morning I would like to welcome the formation of the working group, comprising the Minister for Health, Deputy Reilly, the Minister for Children and Youth Affairs, Deputy Fitzgerald, and the Minister of States at the Department of Health, Deputies White and Lynch, to tease o...Vol-222 Book-13 Page [754]
25/04/2013 [Order of Business] I welcome No. 32 on the Order Paper, the Financial Stability and Reform Bill, which was discussed in the House yesterday. I thank Senators Hayden and Sheahan on the Government side and Senators Byrne, Quinn and O'Brien on the Opposition side, for their contributions to that disc...Vol-222 Book-13 Page [754]
25/04/2013 [Order of Business] We need to reform banking, to increase the capital of the banks, to move to equity and to separate utility banking from casinos. This is happening in the United States of America and the United Kingdom and I request the Leader to ask the Tánaiste to supply, through our diplomats...Vol-222 Book-13 Page [755]
25/04/2013 [Order of Business] Senator Darragh O'Brien is always interesting to listen to on the Order of Business and, indeed, otherwise. However, he knows full well that it was a previous Administration which signed off on the remuneration package of the man in Bank of Ireland to whom he referred.[Coghlan, ...Vol-222 Book-13 Page [755]
25/04/2013 [Order of Business] The current Minister for Finance, Deputy Noonan, engaged independent consultants to analyse the banking sector, which resulted in the Mercer report. He expects the banks to produce savings of between 6% and 10%.[Coghlan, Paul]Vol-222 Book-13 Page [755]
25/04/2013 [Order of Business] Those savings will come from ordinary bank workers.[O'Brien, Darragh]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] Please allow Senator Paul Coghlan to continue, without interruption.[An Cathaoirleach]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] The Minister is awaiting a response from the banks. Regarding events yesterday, Senator Darragh O'Brien again knows full well that the State equity in Bank of Ireland is 15% and reducing. The institutional investors and their proxies own approximately 75% or 80% of the shares i...Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] Does the Government not have a view on the remuneration package for the chief executive?[O'Brien, Darragh]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] Of course we have a view. The Minister has made his views quite clear. We support what Senator Barrett has proposed and that is the direction in which we are going. This has to be done in an orderly fashion.[Coghlan, Paul]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] I am just coming to that. That is a commercial decision.[Coghlan, Paul]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] We cannot have a situation in which the taxpayer has to ride to the rescue again to bail the bank out. We certainly do not want that to happen. That is a commercial decision that no Government, past or present, should interfere with.[Coghlan, Paul]Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] That is Government policy - we are not going to interfere. We must have commercially viable, profitable banks. I am not standing over the decision, which will be very tough for mortgage holders.
We must go down the route proposed by Senator Barrett, which is supported by the ...
Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] I second Senator Darragh O'Brien's amendment to the Order of Business. I accept what Senator Paul Coghlan is saying in some respects. However, while the banks may be commercial institutions, we cannot ignore the fact that they are central to our economic problems and they must ...Vol-222 Book-13 Page [756]
25/04/2013 [Order of Business] I congratulate Senator Barrett on his Bill, which was a very interesting and timely Private Members' Bill. It was very positive that the Minister of State accepted that even though EU legislation is being prepared on a macro level, it was perfectly acceptable to introduce in par...Vol-222 Book-13 Page [757]
25/04/2013 [Order of Business] I warmly congratulate Senator Barrett. I do not remember an occasion when the Government accepted such significant legislation in the economic sphere from this side of the House. The importance of the Financial Stability and Reform Bill cannot be overestimated. I ask the Leade...Vol-222 Book-13 Page [757]
25/04/2013 [Order of Business] That is something wonderfully positive and good. Let us celebrate it.[Norris, David]Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] I enjoy listening to Senator Darragh O'Brien every morning. I get up earlier in the morning to listen to his view of the country.[Harte, Jimmy]Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] I could go back to jogging. There are a lot of "-isms". We are bombarded with communism, fascism, racism, but the greatest "-ism" at the moment is revisionism. Fianna Fáil is probably taking lessons in revisionism.[Harte, Jimmy]Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] We are on questions now. Does the Senator have one for the Leader?[An Cathaoirleach]Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] I call for the present leader of Fianna Fáil to come to the House to talk about revisionism. Three years ago the bankers were getting salaries of €2 million and €3 million.[Harte, Jimmy]Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] I am sure those salaries were discussed in the Galway tent at the time and there was no talk of reducing the €2 million to €800,000 or €500,000. I am totally opposed to any bank employee getting €800,000, €600,000 or €500,000 and I fully support the calls from my Labour Party co...Vol-222 Book-13 Page [758]
25/04/2013 [Order of Business] I ask that the Leader invite Deputy Martin to come before the House to explain----[Harte, Jimmy]Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] He would be delighted to come here. The Senator should submit a request that he do so to the Committee on Procedure and Privileges. I am sure Deputy Martin would be delighted to come to the House to answer Senator Harte's questions.[O'Brien, Darragh]Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] Senator Harte should submit a request to the Leader and the Committee on Procedure and Privileges..[An Cathaoirleach]Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] I thank Senator Darragh O'Brien and the Cathaoirleach for their advice.[Harte, Jimmy]Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] In 2009 the then workers at Waterford Crystal received the news that they were going to lose their jobs because the company was insolvent. Hundreds of jobs were eventually lost. The former workers also discovered, to their horror, that the vast majority of their pensions were g...Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] I congratulate Senator Barrett on the very significant Private Members' Bill he brought before the House last evening. I hope that Bill will make a significant contribution to the regulation of the banking sector here in the future. I agree with previous speakers that no one ca...Vol-222 Book-13 Page [759]
25/04/2013 [Order of Business] Yesterday was a particularly good one for the House. I add my voice to those of others who congratulated Senator Barrett not only on what was a very good debate on the banking sector and financial stability but also on the fact that the Minister did not, as had been planned, vot...Vol-222 Book-13 Page [760]
25/04/2013 [Order of Business] I compliment Senator Barrett on the Bill he introduced yesterday and on the literature relating to it which he circulated to all Members and which explained its contents in very simple terms. I was on the point of standing up and apologising to the Senator for the fact that the ...Vol-222 Book-13 Page [760]
25/04/2013 [Order of Business] I was just going to ask the Senator about that matter.[An Cathaoirleach]Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I am ahead of you this time. I have two questions.[Kelly, John]Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I have never heard anyone answer these two questions, and they are simple questions. Given the fact that we have recapitalised the banks, have we any say in the running of the banks? It is a simple question. We have put 15% into Bank of Ireland. We are allowing a man to earn ...Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I am sorry about that. Can I make one point? I am aware of someone who owes the Bank of Scotland €400,000. It is willing to accept €150,000 and walk away and leave this woman with a property that is worth €150,000, as long as she can simply find €150,000. However, no Irish ba...Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I would like the Bank of Scotland's telephone number.[O'Donnell, Marie-Louise]Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] This is a serious issue that needs to be addressed.[Kelly, John]Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I wish to support my long-lost relative, Senator Darragh O'Brien, and his amendment. It links up with what I wish to speak about this morning. I welcome the Government's publication of the Action Plan for Jobs last month and its excellent press release from last Monday, in whic...Vol-222 Book-13 Page [761]
25/04/2013 [Order of Business] I join other speakers on the issue of bankers' salaries. It strikes me that if a doctor or solicitor or some other professional had behaved as irresponsibly when it came to their profession as the bankers in this country have when it came to lending, they would be hauled in befo...Vol-222 Book-13 Page [762]
25/04/2013 [Order of Business] The Senator is way over time. Does she have a question for the Leader?[An Cathaoirleach]Vol-222 Book-13 Page [762]
25/04/2013 [Order of Business] We have a situation where all sorts of people can set themselves out as creative therapists to treat people although they have no proper expertise in the area. It is an area that seriously needs to be regulated.[Noone, Catherine]Vol-222 Book-13 Page [762]
25/04/2013 [Order of Business] I would be grateful if the Leader could facilitate debate and include this in an overall debate in the area of mental health, as requested by Senator O'Brien yesterday.[Noone, Catherine]Vol-222 Book-13 Page [762]
25/04/2013 [Order of Business] I welcome the announcement of the Minister for Children and Youth Affairs, Deputy Frances Fitzgerald, on the missing children hotline, which will now be operational on a 24 hour, seven day basis.[Noone, Catherine]Vol-222 Book-13 Page [763]
25/04/2013 [Order of Business] The Senator even has the Cathaoirleach distracted. I compliment the Minister for Children and Youth Affairs, Deputy Fitzgerald, and the Minister for Social Protection, Deputy Burton, on their child care initiative announced in the past 24 hours. They are indicating that they wi...Vol-222 Book-13 Page [763]
25/04/2013 [Order of Business] On Tuesday afternoon in the House we had a lovely afternoon with our young Senators, as we called them, transition year students from all over Ireland.[Moloney, Marie]Vol-222 Book-13 Page [764]
25/04/2013 [Order of Business] Senator Darragh O'Brien and others have mentioned bankers' salaries but, in particular, that of Bank of Ireland's CEO. I addressed this matter yesterday and said it was totally immoral for anybody to be on that amount. The Government only has a 15% share in Bank of Ireland. Th...Vol-222 Book-13 Page [764]
25/04/2013 [Order of Business] If the bank were to continue charging unsustainably low standard variable rates, it would mean that the taxpayer would have to put more capital into the bank. That is the current position. As I have said, the taxpayer has already put in over €20 billion, as Senator Darragh O'Br...Vol-222 Book-13 Page [764]
25/04/2013 [Order of Business] It would not be fair for 2.1 million taxpayers to subsidise 138,000 owner-occupier mortgage holders, especially when the vast majority of them can afford to pay and are paying. The average SVR mortgage in AIB is €128,000 and the changed rate will mean an increase of €24 per mont...Vol-222 Book-13 Page [764]
25/04/2013 [Order of Business] The Opposition should be praising the Government for taking this action.[Cummins, Maurice]Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] For tearing up the statutory code of conduct, which is the only protection mortgage holders have.[O'Brien, Darragh]Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] Please, Senator. The Leader to continue, without interruption.[An Cathaoirleach]Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] I do not propose to accept the amendment to the Order of Business proposed by Senator Darragh O'Brien.[Cummins, Maurice]Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] He is replying to the questions raised on the Order of Business.[An Cathaoirleach]Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] Senator Susan O'Keeffe referred to the helpline for the fodder crisis and complimented the Minister for Agriculture, Food and the Marine and the co-ops that have worked together on this matter.
As regards the debate on lifestyle and cancer and the public consultation report, on...
Vol-222 Book-13 Page [765]
25/04/2013 [Order of Business] I did not quite hear it. Perhaps the Leader might repeat it.[Mooney, Paschal]Vol-222 Book-13 Page [766]
25/04/2013 [Order of Business] Senator David Cullinane raised the issue of Waterford Crystal and referred to the fact that the union and workers had won their case. As a native of Waterford city, I welcome that decision. They won the case which was based on the seven points raised. It goes back to Article 8...Vol-222 Book-13 Page [766]
25/04/2013 [Order of Business] That would be better than having the Minister of State, Deputy Alex White, come in.[Mooney, Paschal]Vol-222 Book-13 Page [766]
25/04/2013 [Order of Business] I will definitely try to have one of the aforementioned Ministers come into the House to address the problem. Again, it is a matter that was addressed on the Order of Business yesterday. As for the amount of publicity, smoking-related activity is gone as the advertising of toba...Vol-222 Book-13 Page [766]
25/04/2013 [Order of Business] I agree completely that online betting should be and, not before time, the Government is introducing a Bill to address the issue.[Cummins, Maurice]Vol-222 Book-13 Page [767]
25/04/2013 [Order of Business] Senator John Kelly spoke on reform of the Seanad. I understand another Bill will be published soon in this regard and hope that next month Members will have an opportunity of discussing it in the House. I can tell the Senator that the Government has a 15% say in Bank of Ireland...Vol-222 Book-13 Page [767]
25/04/2013 [Order of Business] May I ask a question regarding No. 32 on the Order Paper, Financial Stability and Reform Bill 2013 introduced by Senator Sean D. Barrett? It was referred to earlier as having been accepted. While I would be happy if that were the case, was it accepted or has it been parked?[O'B...Vol-222 Book-13 Page [767]
25/04/2013 [Order of Business] On a point of clarification, the Bill still appears as being at Second Stage, as Second Stage has not been concluded. Consequently, it remains listed on the Order Paper as being at Second Stage.[An Cathaoirleach]Vol-222 Book-13 Page [768]
25/04/2013 [Order of Business] That is all I wanted to know. I thank the Cathaoirleach.[O'Brien, Darragh]Vol-222 Book-13 Page [768]
25/04/2013 [Order of Business] Senator Darragh O'Brien has proposed an amendment to the Order of Business: "That 30 minutes be set aside today for a debate with the Minister for Finance on the decision by AIB to increase the interest rate on variable mortgages by 0.4%." Is the amendment being pressed?[An Cath...Vol-222 Book-13 Page [768]
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