One-year bankruptcy Bill
Peter Mathews urges rapid publication of the one-year bankruptcy Bill, linking it to the housing crisis, and raises wider economic, hospital and housing concerns. The Chair limits the response to legislation, and the Minister says he supports the Taoiseach’s enthusiasm for the bankruptcy Bill.
As a follow-up to a question I raised on the Order of Business with the Taoiseach yesterday - that is, the one-year bankruptcy Bill introduced by the Minister's colleague, Deputy Penrose - the Taoiseach kindly stated that he would get back to me, because it definitely needs consideration, and he sounded enthusiastic. The good news is that Deputy Penrose has told me that the Attorney General has cleared it in full for publication. I ask the Minister to bring all his Labour Party energies to bear with the Cabinet and get it published quickly, because it is interlinked with the housing crisis and all the other matters.
On another related matter, there is €26 billion in promissory bonds maturing out towards 40 years. This, of course, reflects what the second last witness who came before the Joint Committee of Inquiry into the Banking Crisis, Mr. Ajai Chopra, stated on the second last day of evidence: that the redemption of €8 billion in bonds to secondary market bondholders should not have occurred.
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Mr. Chopra said that. I ask the Minister to bring up in Cabinet the question of the €26 billion in promissory bonds for cancellation and bring it to Mario Draghi and say, "Mario, we are cancelling them. The country is wrecked."
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As the Leas-Cheann Comhairle will be aware, there is strike action now at St. Vincent's hospital, the premier flagship university hospital of this country.
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There is a housing crisis. The body Ireland is diseased and the Government must do something about it, not debate it.
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In relation to legislation, there was only one issue in the Deputy's intervention-----
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-----and that was in relation to the bankruptcy Bill. The Taoiseach expressed enthusiasm and I support the Taoiseach's enthusiasm in that regard.