Fianna Fáil Finance Spokesperson Michael McGrath has called on the Government to urgently bring forward its formal response to the Keane report and set out its action plan to deal with the crisis of mortgage arrears. “The Keane report on mortgage arrears was presented to the Government on 28 September. Four weeks on, it would [...]

Fianna Fáil Finance Spokesman Michael McGrath TD has said the Taoiseach Enda Kenny needs to urgently correct the record of the Dáil following misleading comments made by Mr. Kenny during Leaders’ Questions about the €700m unsecured, unguaranteed senior Anglo Irish Bank bond that falls due for payment next week. “The Taoiseach has misled the Dáil [...]

‘Over the next two evenings, the Dáil will debate the most comprehensive piece of legislation brought before the House to deal with the personal debt and mortgage difficulties facing thousands of people,’ said Fianna Fáil Finance Spokesperson Michael McGrath prior to starting the debate on The Debt Settlement and Mortgage Resolution Office Bill 2011 during [...]

Fianna Fáil Finance Spokesperson Michael McGrath TD has called for clarity on the Government’s budget policy following the contradictory statements from two of the most senior Ministers over the last 24 hours. Deputy McGrath commented, “It is deeply worrying to watch the growing contradictions and conflict within the Cabinet as it faces into its first [...]

Fianna Fáil has today (Wednesday, 12 October) published a bill to establish a Debt Settlement and Mortgage Resolution Office and provide an independent, non-judicial debt settlement system for persons struggling with personal debt and those in difficulties with their mortgage. Fianna Fáil Finance Spokesperson Michael McGrath will seek leave to introduce the Debt Settlement and [...]

Fianna Fáil Finance Spokesperson Michael McGrath has said it is completely unjustifiable that 32 employees at Anglo Irish Bank are currently earning salaries of at least €200,000 and has called on the Minister for Finance Michael Noonan to complete the review of remuneration and severance arrangements at the guaranteed banks without further delay. 32 employees [...]

The Minister for Finance Michael Noonan has confirmed to the Dáil that there was no commitment in the original EU/IMF Memorandum of Understanding to commit to the sale of state assets, an accusation Ministers and Government back-benchers have been peddling since it emerged the Government decided to sell a minority stake in the ESB. During [...]

The €461M levy taken from pension schemes by the Government in September has been used to boost the Government coffers and give the exchequer figures the appearance of looking better to the tune of over €200M, according to Fianna Fáil Finance Spokesperson Michael McGrath. Deputy McGrath stated, ‘The Minister for Finance has confirmed by parliamentary [...]

In response to a question from Fianna Fáil’s Finance Spokesperson Michael McGrath in the Dáil this morning, the Tánaiste Eamon Gilmore has confirmed that the Government has received the report on measures to assist mortgage holders from the interdepartmental working group chaired by Mr. Declan Keane. Deputy McGrath stated, ‘The Government must immediately publish the [...]

The Minister for Finance Michael Noonan has confirmed in a Dáil reply to Fianna Fáil Finance Spokesperson Michael McGrath that he has received a formal request from AIB in the past few days seeking permission to appoint a new Chief Executive with a salary in excess of the €500,000 cap imposed by the previous Government. [...]