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Seanad
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Seanad debate on banking bill

Summary

Senator Ó Clochartaigh criticises the short time allowed for debating the emergency banking legislation, while Senator Noone and the Leader defend its preparation and national-interest purpose.

Ba mhaith liom tacú leis an méid a dúirt mo chomhghleacaí, an Seanadóir Cullinane, níos luaithe maidir leis an díospóireacht a bhí againn aréir. Is cuma cén tuairim atá againn maidir leis an mBille a chuir an Seanad tríd aréir, caithfear a admháil go raibh caighdeán na díospóireachta go dona. Bhí an t-am a bhí leagtha ar leataobh don díospóireacht i bhfad ró-ghearr. Ní dóigh liom gur bealach maith é sin le haghaidh obair an Tí seo a chur chun cinn. Cineál masla a bhí ann, ar bhealach, ar an obair atáimid ag iarraidh a dhéanamh. Tá daoine sa dream seo againne atá diongbháilte agus a dhéanann a gcuid oibre go dúthrachtach. Ní dóigh liom gurb é seo an bealach is fearr le reachtaíocht a chur tríd.

Nótáilim go bhfuil sé roghnaithe ag an Teach eile 6 Márta seo chugainn a thógáil le haghaidh lá na Gaeilge.

I understand the Dáil has agreed to discuss lá na Gaeilge on 6 March. The Leader has agreed to arrange for the Minister of State at the Department of the Arts, Heritage and the Gaeltacht, Deputy McGinley, to come to the House to discuss Gaeltacht issues, but it would be useful if we could have a debate as Gaeilge on that day on some other issue. A number of Ministers would be able to respond to such a debate.

I may have been taken up wrongly yesterday when I mentioned Older and Bolder and the cuts to its funding. I was calling for a debate on the community and voluntary sector which has experienced severe cuts in the past several years. Many agencies have lost their funding and much of the infrastructure for the sector is falling by the wayside due to budgetary and economic constraints. We should have a debate on the implications for this important sector because we certainly need the supports it offers to our communities.

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I took solace from the fact that the legislation we passed this morning had been planned for months. It is considered legislation that is unlikely to throw curve balls in future. It represented the first step in permanently removing Anglo Irish Bank from our financial landscape and closing a dark chapter in Ireland's financial history. The main motivation was to secure €12 billion in assets which will eventually return to the State. It will definitely loosen the noose around the Government's neck when it comes to providing services in this state. If what Senator Mullins said is correct and a deal has been agreed, we must hope it will improve the life of citizens in coming years.

I support Senators Quinn, Conway and Colm Burke regarding organ donation. This House should engage in public consultation on the issue because if, as Senator Colm Burke noted, some groups have gotten lost in trying to promote the issue and raise awareness, we could help their agenda by providing a report on it for the Minister for Health.

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Senator Mary White is acting leader of Fianna Fáil today. The Minister for Finance and the Government are acting in the national interest in trying to achieve the best possible deal for citizens. The Senator set out a personal position which contradicts some of the constructive statements made by the Fianna Fáil spokesman on finance in the other House. She is entitled to her opinion in that regard. Last night the Minister comprehensively outlined our position and where we were going. The President signed the Bill this morning after it was considered by this House. The governing council of the ECB met this morning and a press conference will take place at 1.30 p.m. We are hopeful a constructive deal that will benefit all citizens will result from the negotiations. I hope that is the wish of every Member of the House. The Minister noted that the Government had to act quickly because once information became public there was an immediate risk to the bank. He took immediate action to secure its stability and assets. The legislation had been approved by the Attorney General and was ready for when we wanted it. There was no panic; it is reasoned and considered legislation. The Minister is sure footed and the people have confidence in him to get the best possible deal for the nation.

Senator Susan O'Keeffe spoke about the ECB and mentioned the public consultation report which I hope has been circulated to all Members of the House. It is very concise. People may think at first glance that it does not contain much, but the various people who made comprehensive and excellent submissions to the Seanad Public Consultation Committee were pleased with it. I will try to arrange a debate with the Minister at the earliest opportunity in order that we can discuss the recommendations, key points and findings made in the report. I urge Members to read it.

I join Senator Sean D. Barrett in thanking all the staff and Members who were here at 6 a.m. to debate the important Bill that we passed. I welcome the Senator's comments on the achievements of the Irish Parliamentary Party over a number of years. These achievements are long forgotten or written out of history by many historians, but it was the party of Ireland in seeking home rule for this country over a 40 year period. It was the dominant party at one stage. I agree that it should be commemorated in a better way than it has been remembered heretofore.

Senator Denis O'Donovan spoke about single farm payments. All of us wish the Minister for Agriculture, Food and the Marine well in his negotiations and hope he will secure the best possible deal for Ireland.

Senator Susan O'Keeffe also mentioned the negotiations on the EU budget. It is very important that a conclusion is secured on it.

Senator Aideen Hayden spoke about the Bill taken last night. This matter was also raised by quite a number of other Senators who called for a debate on the deal, when we have one. That debate will happen.

Senators Feargal Quinn, Martin Conway, Colm Burke and Catherine Noone raised the matter of the importance of organ donations and pointed out that there had been a drop in numbers this year. Senator Martin Conway said we needed training, for nurses in particular, in how to seek donations. Organ donation is an important issue and we will try to get the Minister for Health to come to the House to discuss it. We have had four or five requests today for him to come to the House to discuss various issues. We will certainly try to get him to come here soon.

Senator Feargal Quinn asked about the Construction Contracts Bill which I have been informed will be brought to the Dáil in March. At last there is some movement on it.

Senator David Cullinane spoke about our debate. There is no danger that he will celebrate any deal as his party thrives on the misery of others. No wonder he is angry, when the Government is making progress in the negotiations with our EU partners. I note the comment made by Senator Jimmy Harte that Sinn Féin had a different way of dealing with banks than other parties. That is another matter.

Comment on this

The Leader needs to buy a new record.

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