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What is the bottom of the pit as far as Anglo is concerned, Gilmore demands

Posted on June 02, 2010

"What is the bottom of the pit as far as Anglo is concerned? Eamon Gilmore TD Leader of the Labour Party asked the Taoiseach today during Leaders' Questions.

He raised the issue of Anglo after another €2billion of taxpayers' money was committed to the bank this week bringing to €14.3billion the total amount of taxpayers' money given to the bank.

"How much more will be p[aid over or committed to this bank? What is the bottom line?... It is extraordinary that we seem to have two different types of language when we talk about taxpayers' money.

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Brian Cowen and his Fianna Fail Government have ruined the Irish economy

Posted on May 19, 2010

Leaders' Questions in the Dáil today saw the Labour Leader Eamon Gilmore challenge the Taoiseach on how he must take responsibility for the Irish economy which is at odds with the Taoiseach's recent claims that he had nothing to do with it.

"It is adding insult to injury for [the Taoiseach] to claim he had nothing do with it, it was all someone else's fault, he was not advised correctly, somebody else made certain proposals and so on. The fact is that his party is in Government for the last 13 years and he must take responsibility for what has happened."

Eamon went onto say how the records will show that Labour has identified various actions that should have been taken but were not.

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Permanent link | Comments | Categories: FinanceEamon GilmoreLeaders Questions

Gilmore challenges Cowen on attempts to doctor truth on Anglo

Posted on May 12, 2010

The continuing story of Anglo Irish Bank and the 'black hole' deficit that Fianna Fail has helped dig in the public finances was raised today in the Dáil during Leaders' Questions by the Labour Leader Eamon Gilmore TD.

Eamon referred to a story published over the weekend in the Sunday Times concerning confidential internal Anglo minutes from February 2009 between the Central Bank and Anglo Irish Bank.

It states that the Dept of Finance told the then Chair of Anglo bank not to be too negative in a letter to shareholders relating to the banks 2008 annual report which was published after the bank was nationalised in early 2009. According to the article the department drafted a less negative version of the statement.

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Permanent link | Comments | Categories: FinanceEamon GilmoreLeaders Questions

Gilmore questions Cowen on EU Finance Ministers' stablisation fund

Posted on May 12, 2010

Leaders' Questions in the Dáil this morning centred on the weekend agreement by EU Finance Ministers who established a €750billion stabilisation fund for the euro and EU economies.

The Labour Leader Eamon Gilmore TD asked a number of questions about the agreement including its implications and consequences for our national budgeting, the regulation of hedge funds, a Robin Hood tax on financial transactions and the strengthening of financial markets in Europe.

Speaking in response to the Taoiseach, Eamon said: "The Taoiseach's responses on where the Government stands on the future of the regulatory regime in Europe are on the vague side."

You can see Eamon's full contribution on the accompanying You Tube video while you can read the whole exchange on the Oireachtas website.

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Gilmore challenges Cowen on decision to allow bankers to write their own legislation

Posted on April 28, 2010

This morning in Leaders' Questions the Labour Leader Eamon Gilmore TD returned to the issues from when Brian Cowen was Minister for Finance and challenged him on an article published in the Irish Times on Monday which shows that bankers were involved in helping to draft legislation when the banking crisis hit.

During the exchange Eamon also suggested there is a conflict of interest in the appointment of Ernst & Young to unearth and pursue malpractices within Irish Nationwide, the same firm that acted as auditors to Anglo Irish Bank.

"Was the appointment of these people approved," Eamon asked.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

Gilmore calls for Carbon Levy on heating oil to be postponed until allowance

Posted on April 27, 2010

In the last Budget the Government announced the introduction of a Carbon Levy which will come into effect on May 1st. Announcing the Budget the Minister for Finance, Brian Lenihan TD, promised the introduction of a voucher system of fuel allowances for low income families affected by the introduction of the levy.

The subject was raised today in the Dáil by the Labour Leader Eamon Gilmore TD who called on the Government to delay the introduction of the Carbon Levy for heating oil until the allowance is introduced.

"The Minister promised an additional allowance specifically for low income families. He said it would be a vouched allowance but never spelled out what kind of voucher allowance it would be.

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Gilmore continues to press Cowen on Nationwide

Posted on April 21, 2010

The issue of Irish Nationwide and "the scandalous way in which that building society conducted its business down the years" was once raised in the Dáil during Leaders' Questions this morning by the Labour Leader Eamon Gilmore TD.

Pressing the Taoiseach about the matter Eamon said: "The building society was set up to give mortgages to house buyers, but instead, it was giving out great buckets of money to approximately 30 people in a process of rolling enrichment or at least that was the expectation.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

'Why did Fianna Fail ignore warnings on Nationwide? demands Gilmore

Posted on April 20, 2010

Leaders' Questions this afternoon in the Dáil saw the Labour Leader Eamon Gilmore question the Taoiseach about Irish Nationwide.

"I find what the Taoiseach said remarkable, namely, that he was not given any report about anything amiss or strange happening in the society, given the fact that in 2006 the Government prepared legislation and brought it to the House one night. It was at night, the day before the House arose for the summer recess in 2006. The Government put the legislation through the House in one night, legislation that was tailor-made for the enrichment of Mr Fingleton.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

Anglo guarantee is tantatmount to economic treason, Gilmore

Posted on March 31, 2010

This morning in Leaders' Questions the Labour Leader Eamon Gilmore voiced the concerns of the nation when he said how people were in shock and bewildered by the huge size of the figures and amount of money to be paid for the bail-out of Anglo Irish Bank.

Eamon went on to say how the Government, with the State guarantee for Anglo Irish Bank, has provided a blank cheque for the bank and yesterday we finally heard details of how that blank cheque would be filled in.

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Today is the day the Irish public gets the invoice for the banks bailout

Posted on March 30, 2010

"The Irish economy and banking system is not only affected by an international crisis which has to be addressed but it also in a unique crisis because of the policies pursused by his Government working hand-in-glove with property developers and bankers which created the property bubble and over-priced houses," the Labour Leader Eamon Gilmore TD told the House today during Leaders' Questions today before the Government announced the details of the banks bailout plan.

Eamon went on to say how the result of the Government's plan is resulting in working families struggling with properties that are valued at less than their mortgages which in turn have increased significantly.

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