Results 1-20 of 1,150 for speaker:Frank Fahey

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: I welcome the introduction of the Bill, which provides an opportunity to clarify some of the issues relating to the interest rates which apply in respect of the money made available to Ireland by the EU and the IMF. While there will be a slight reduction in the interest rates, it is interesting to consider some of the comments that have been made, particularly by Opposition spokespersons,...

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: It is Deputy Burton and her partners to whom I am referring.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: All kinds of promises have been made and the Labour Party has adopted an approach of pleasing everyone for as long as possible.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: Deputy Burton does not like to hear the truth. Nor does she like it when I and others try to explain - in light of proof provided by Mr. Matthew Elderfield, Professor Patrick Honohan and others internationally, such as Regling and Watson - that her party got it all wrong in respect of the bank guarantee.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: I know Deputy Burton is finding it difficult. I want to make it clear to the House that we will expose this kind of "all things to all men" approach by the Labour Party. It is interesting we have not heard much about the great new strategic bank that will be the bedrock of Labour policy in getting us out of the problems we are in. It is quite clear-----

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: It is quietly being put into the background. If this kind of comment is as much as we can get from the Labour spokesperson, the future Minister for Finance of this country, then God help us. With regard to the contribution made by Sinn Féin, this stretches the imagination to the hilt. Anybody who knows anything about economics or banking must accept what the new Deputy from Donegal has...

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: -----in the House since he became a Deputy-----

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: Since Deputy McHugh became a Member of this House, he has got up here and poured forth all of the answers about how we should deal with-----

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: My apologies, Deputy O'Donnell.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: Sorry, Deputy O'Doherty.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: Deputy Doherty-----

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: I apologise for getting Deputy Doherty's name wrong. Since the Deputy came into the House, we have heard a new line on banking policy and economics. In fact, he has gone even further than his former colleague in regard to what Sinn Féin will do for the country. The Irish people will have an opportunity to analyse what we are getting from Sinn Féin.

Bretton Woods Agreements (Amendment) Bill 2011: Second Stage (19 Jan 2011)

Frank Fahey: We will have an opportunity to see it is simply not possible to implement the kind of fiscal and economic policy that has come from this Deputy in particular since he became a Member of the House.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: I thank the Minister of State, Deputy Killeen, for sharing his time with me. Both main Opposition parties have opposed every measure this Government has taken to tackle the financial crisis. Our efforts have been endorsed by the European Commission, the European Central Bank, the International Monetary Fund and the Organisation for Economic Co-operation and Development. Neither Fine Gael...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: Perhaps Deputy Rabbitte can state whether the strategic investment bank proposal has been examined by the European Central Bank, the European Commission or any other body. As far as I am aware, nobody has endorsed the idea.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: I am talking about the Labour Party.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: The Labour Party has suggested that it can take €2 billion from the National Pensions Reserve Fund, in the present economic climate, before going to the market to raise another €18 billion. It is the most ridiculous idea that has been proposed in this House for a long time. I ask Deputy Rabbitte and his colleagues to spell out where they will borrow the €18 billion that is the...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: I do not want to waste my time.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: The Deputy can give me a point of information, but he cannot-----

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Frank Fahey: We have spelt out our plan. We await with interest the Labour Party's plan. The reality is that the middle classes of this country will get a hell of a gonc when they see the way the Labour Party intends to tax them out of existence.