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Seanad
‹ Order of Business

European economic policy

Summary

Senator Barrett warns that European economic policies are creating a political vacuum and refers to upward-only rent reviews, before congratulating Canada’s new ambassador.

I second what Senator Katherine Zappone said about the conference held yesterday in Dublin Castle. The Minister for Finance, Deputy Michael Noonan, expressed serious concerns that we were creating in Europe a dangerous political vacuum as a result of the economic policies being pursued from Brussels and Frankfurt. I hope that after the elections in Greece, some of the people concerned might stand up and say they made a mistake and that they will reconsider some of their policies.

I note an issue being discussed here, namely, upward-only rent reviews. Some 140 people will shortly lose their jobs in Bewley's around the corner from here. We were heavily influenced by the death of a man who had died near Leinster House. I ask about 140 people losing their jobs. Senator Feargal Quinn has asked that this issue be raised. We ought to seek the Attorney General's opinion on why there can only be upward-only rent reviews. What about the property rights of people other than developers, bankers and so on? What about the property rights of workers?

I share Senator Martin Conway's concern about the costs of the banking inquiry. I am happy to serve on the committee. The lawyers are being paid €264 an hour, which amounts to €528,000 a year. These are costs which Senator Martin Conway has rightly condemned and on which we need to keep a close eye.

I congratulate Mitchel McLaughlin on being the first Speaker of the Northern Ireland Assembly elected from the Nationalist community and supported by the DUP. That is the kind of Northern Ireland we wish for.

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They implemented €800 million worth of cuts.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Sean D. Barrett to continue, without interruption, please.

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I congratulate the new Canadian ambassador to Ireland, Mr. Kevin Vickers, who has Cork ancestors and about whom the Speakers of both Houses of Parliament in Canada wrote to thank us. I have copied the letters to the Leader and the Cathaoirleach. They are grateful for our interest when Mr. Vickers defended the Canadian Parliament against those who had invaded it on 22 October. I am sure he is a person we would very much welcome here.

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