Burke, Paddy

Wednesday, 1 October 2008

Seanad Éireann Debate
Vol. 191 Nbr. 2

Human Body Organs and Human Tissue Bill 2008: Second Stage.

I welcome the Minister of State, Deputy Moloney, to the House.More Button

Credit Institutions (Financial Support) Bill 2008: Second Stage.

We do not know that, as we do not have the facts.More Button

Why are Members here?More Button

Senator O’Malley, without interruption.More Button

Is that agreed? Agreed.More Button

Senator White, without interruption.More Button

The Senator should conclude.More Button

I ask Senators to consider sharing time because 15 Senators have indicated they wish to speak.More Button

The Senator has one minute.More Button

Does the Senator wish to share time?More Button

Is that agreed? Agreed.More Button

Senator White, without interruption.More Button

The Senator’s time is up.More Button

Senator Regan without interruption, please.More Button

On a point of order, is there provision for the Minister to reply?More Button

I also thank the Leader for extending the allocated time to give me a few minutes to ask some questions. The Minister for Finance stated in the Dáil that he will await the outcome of his of...More Button

Although a number of Senators have queried what took place on Monday last, everyone knows what happened. The Minister’s office and the Taoiseach’s office were inundated with calls from...More Button

I wish to raise another point with the Minister in respect of clearing cheques. When one cashes a cheque, one must first lodge it into one’s account and it takes 12 days to clear. While the...More Button

The Minister’s other option was to take a stake in some of the banks. If, contrary to the comments of some, there is no great risk in this regard, why did the Government not choose to take s...More Button

It appears this might have been a different or better option if the risk outlined by some people is not there.More Button

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

If one of the six banks covered by the legislation were taken over by an outside financial institution, would the guarantee extend to that bank following the takeover or is the scheme designed in s...More Button

Subsection (3) states: “Nothing in this Act prevents the performance by the Central Bank or the regulatory authority of its functions in relation to any credit institution.” I understand it is wit...More Button

Is it on the advice of the Governor of the Central Bank that the ECB provides liquidity to Irish banks? If that is the case, it is funny that the Minister has not consulted the ECB on the existing...More Button

Can the Houses amend the scheme or can they only reject it?More Button

To follow on from Senator Kelly’s point, how does the Minister see the banks trading their way out of the difficulties because their problem, as the Minister has said, is one of liquidity? I...More Button

Yes IndicatorVoted Yes More Button

Yes IndicatorVoted Yes More Button