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#Michael McGrath

# michael-mcgrath - Tuesday 19 March, 2013

Ireland not impacted by Cyprus' bailout deal - Kenny
# Debt Crisis
# Debt Crisis

Ireland not impacted by Cyprus' bailout deal - Kenny

Mar 19th 2013, 9:38 AM 3,952 Views 50 Comments

Banks in Cyprus remain closed as discussions continue on the terms of the proposed bailout deal.

# michael-mcgrath - Friday 22 February, 2013

Noonan hints €1bn IBRC savings will go to repay debts
# Promissory Note
# Promissory Note

Noonan hints €1bn IBRC savings will go to repay debts

Feb 22nd 2013, 9:33 PM 9,886 Views 77 Comments

Michael Noonan thinks it would make more sense not to use the promissory note proceeds to ease the next Budget.

# michael-mcgrath - Monday 4 February, 2013

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath
# Wrote You A Letter
# Wrote You A Letter

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

Feb 4th 2013, 12:55 PM 9,841 Views 49 Comments

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

# michael-mcgrath - Sunday 3 February, 2013

Here is how much was won on Prize Bonds last year
# Money Money Money
# Money Money Money

Here is how much was won on Prize Bonds last year

Feb 3rd 2013, 7:45 AM 15,459 Views 28 Comments

The amount has increased significantly over the past three years as people sought safe places to put their money.

# michael-mcgrath - Monday 10 December, 2012

Prospect of October Budget welcomed amid calls for more open process
# Budget 2014
# Budget 2014

Prospect of October Budget welcomed amid calls for more open process

Dec 10th 2012, 6:45 AM 5,765 Views 13 Comments

Budget 2013 is less than a week old but already thoughts are turning to Budget 2014 and the possibility it could be held earlier than December next year.

# michael-mcgrath - Saturday 8 December, 2012

Opposition parties hit back at criticism of their alternative budgets
# Alternative Budgets
# Alternative Budgets

Opposition parties hit back at criticism of their alternative budgets

Dec 8th 2012, 7:30 AM 4,026 Views 51 Comments

The government claims neither of the two main opposition parties had their pre-budget submissions fully costed but this has been described as a “complete red herring” by Fianna Fáil.

# michael-mcgrath - Thursday 29 November, 2012

Where were the 38 TDs who didn’t vote on the abortion bill?
# Abortion
# Abortion

Where were the 38 TDs who didn’t vote on the abortion bill?

Nov 29th 2012, 4:49 PM 17,129 Views 51 Comments

A TV interview, planting a tree, “official business” and committee work in Mozambique are among the reasons for some TDs not voting on last night’s abortion bill.

# michael-mcgrath - Thursday 22 November, 2012

Fianna Fáil's alternative budget: Cuts to politician pensions and no property tax
# Budget 2013
# Budget 2013

Fianna Fáil's alternative budget: Cuts to politician pensions and no property tax

Nov 22nd 2012, 4:41 PM 8,281 Views 99 Comments

Fianna Fáil today launched its budget proposals entitled “A Fairer Way to Recovery”.

# michael-mcgrath - Thursday 8 November, 2012

Six execs at former Anglo Irish Bank earn over €500k a year
# Bankers
# Bankers

Six execs at former Anglo Irish Bank earn over €500k a year

Nov 8th 2012, 7:45 AM 8,985 Views 93 Comments

Figures disclosed by Finance Minister Michael Noonan detail the remuneration packages of senior bankers at the former Anglo Irish Bank.

# michael-mcgrath - Monday 29 October, 2012

Opposition bemoans lack of progress on bank deal after Schauble visit
# Bank Debt
# Bank Debt

Opposition bemoans lack of progress on bank deal after Schauble visit

Oct 29th 2012, 5:22 PM 4,262 Views 49 Comments

Fianna Fáil and Sinn Féin both criticise Noonan and Howlin for failing to extract public commitments from the German minister.

# michael-mcgrath - Saturday 20 October, 2012

Govt insists agreement to address bank debt stands, FF says it's in denial
# Bank Debt
# Bank Debt

Govt insists agreement to address bank debt stands, FF says it's in denial

Oct 20th 2012, 3:31 PM 3,886 Views 40 Comments

The government has continued to insist a deal on Ireland’s debt still stands despite comments from the German chancellor yesterday.

# michael-mcgrath - Thursday 18 October, 2012

1,700 bankers in state covered banks paid over €100,000
# Bankers' Pay
# Bankers' Pay

1,700 bankers in state covered banks paid over €100,000

Oct 18th 2012, 4:37 PM 9,660 Views 71 Comments

861 in AIB, 61 in Permanent TSB, 143 in IBRC and 644 in Bank of Ireland paid over €100,000.

# michael-mcgrath - Thursday 27 September, 2012

Burton 'saddened' to see Shortall go - but affirms confidence in Reilly
# Leaders' Questions
# Leaders' Questions

Burton 'saddened' to see Shortall go - but affirms confidence in Reilly

Sep 27th 2012, 1:00 PM 4,286 Views 35 Comments

The Minister for Social Protection says every member of government “has confidence in every other minister”.

# michael-mcgrath - Tuesday 25 September, 2012

Bank of Ireland raises mortgage interest rates by 0.5pc
# Mortgages
# Mortgages

Bank of Ireland raises mortgage interest rates by 0.5pc

Sep 25th 2012, 9:23 AM 6,658 Views 33 Comments

Mortgage holders have been written to in the last days informing them of an increase in rates from late next month.

# michael-mcgrath - Monday 6 August, 2012

Call for Gardaí to investigate insider NAMA deal
# NAMA
# NAMA

Call for Gardaí to investigate insider NAMA deal

Aug 6th 2012, 7:30 AM 4,352 Views 37 Comments

It was revealed yesterday that a former employee of NAMA bought a house from the agency’s property portfolio.

# michael-mcgrath - Tuesday 31 July, 2012

McGrath: Banks not passing on ECB rate cut is 'disgraceful'
# ECB
# ECB

McGrath: Banks not passing on ECB rate cut is 'disgraceful'

Jul 31st 2012, 7:15 AM 3,943 Views 27 Comments

Only two banks in Ireland passed on last month’s rate cut to their standard variable rate customers, Fianna Fáil finance spokesperson Michael McGrath has said.

# michael-mcgrath - Tuesday 3 July, 2012

Ulster Bank customers are not low priority, says RBS
# Ulster Bank
# Ulster Bank

Ulster Bank customers are not low priority, says RBS

Jul 3rd 2012, 7:34 AM 5,796 Views 47 Comments

The bank said faster resolution of problems in the UK was simply a technological issue.

# michael-mcgrath - Saturday 23 June, 2012

Some Ulster Bank branches remain open today as problems continue
# Gremlins
# Gremlins

Some Ulster Bank branches remain open today as problems continue

Jun 23rd 2012, 2:00 PM 4,892 Views 22 Comments

One TD has warned that the problems at the bank could turn into a ‘more serious crisis’ if it is not fully resolved in the next 48 hours.

# michael-mcgrath - Tuesday 12 June, 2012

FF says Taoiseach must clarify suggestion bank guarantee file was shredded
# Bank Guarantee
# Bank Guarantee

FF says Taoiseach must clarify suggestion bank guarantee file was shredded

Jun 12th 2012, 9:28 PM 8,000 Views 70 Comments

Enda Kenny said today there was no file in the Department of Taoiseach related to the discussions surrounding the bank guarantee of September 2008, suggesting it may have been shredded.

# michael-mcgrath - Wednesday 23 May, 2012

NTMA: No access to ESM would mean no access to markets either
# Fiscal Compact
# Fiscal Compact

NTMA: No access to ESM would mean no access to markets either

May 23rd 2012, 3:17 PM 2,436 Views 52 Comments

Michael Noonan says the NTMA believes bond markets won’t lend to Ireland if it doesn’t have recourse to the ESM’s backup.

# michael-mcgrath - Monday 21 May, 2012

Noonan dismisses plan for government bonds linked to tax income
# Bond Markets
# Bond Markets

Noonan dismisses plan for government bonds linked to tax income

May 21st 2012, 2:11 PM 2,209 Views 10 Comments

Fianna Fáil’s Michael McGrath had asked the finance minister to consider a bond specifically linked to exchequer returns.

# michael-mcgrath - Wednesday 16 May, 2012

Government will not oppose FF bill regulating debt advice services
# Financial Services
# Financial Services

Government will not oppose FF bill regulating debt advice services

May 16th 2012, 8:13 AM 1,469 Views 9 Comments

A Fianna Fáil bill proposes to regulate the growing number of debt management advice firms.

# michael-mcgrath - Wednesday 2 May, 2012

1,065 top bankers earn basic salary over €100K
# Bankers' Pay
# Bankers' Pay

1,065 top bankers earn basic salary over €100K

May 2nd 2012, 4:20 PM 5,682 Views 54 Comments

Hundreds of bankers in AIB, Permanent TSB – all essentially State-owned institutions – are taking home basic salaries in excess of €100,000.

# michael-mcgrath - Tuesday 24 April, 2012

Government likely to vote against FF proposal to cut fuel duty
# Petrol Prices
# Petrol Prices

Government likely to vote against FF proposal to cut fuel duty

Apr 24th 2012, 9:58 AM 4,015 Views 84 Comments

Fianna Fáil is to bring legislation before the Dáil this evening to cut fuel excise duty by 4 cent, offering an effective cut in fuel prices of 5 cent.

# michael-mcgrath - Monday 2 April, 2012

NTMA management agree to 15 per cent pay cut
# Pay Cut
# Pay Cut

NTMA management agree to 15 per cent pay cut

Apr 2nd 2012, 7:56 AM 3,074 Views 20 Comments

However, one senior employee at the State agency refused to accept the reduction.

# michael-mcgrath - Sunday 1 April, 2012

What WOULD it take for a politician to lose their pension?
# Corruption
# Corruption

What WOULD it take for a politician to lose their pension?

Apr 1st 2012, 8:15 AM 5,995 Views 24 Comments

We take a closer look at the legislation proposed to be amended to allow Oireachtas members be stripped of their pensions if they are guilty of corruption.

# michael-mcgrath - Tuesday 27 March, 2012

Government will pass FF bill to ‘name and shame’ financial institutions
# Name And Shame
# Name And Shame

Government will pass FF bill to ‘name and shame’ financial institutions

Mar 27th 2012, 4:46 PM 3,549 Views 14 Comments

Fianna Fáil has introduced legislation allowing the Financial Services Ombudsman to publish reports about its complaints.

# michael-mcgrath - Wednesday 14 March, 2012

Opposition TDs slam government absence during Dáil mortgages debate
# Dáil Éireann
# Dáil Éireann

Opposition TDs slam government absence during Dáil mortgages debate

Mar 14th 2012, 7:58 PM 5,292 Views 40 Comments

The fallout from the committee defeat meant there were no members of either Fine Gael or Labour present to debate bank interest rates.

# michael-mcgrath - Thursday 23 February, 2012

External review of €3.6bn accounting error "under way" - Noonan
# Accounting Error
# Accounting Error

External review of €3.6bn accounting error "under way" - Noonan

Feb 23rd 2012, 4:16 PM 3,006 Views 27 Comments

The minister says he hopes to publish the results of internal and external inquiries into the error – depending on legal advice.

# michael-mcgrath - Wednesday 15 February, 2012

Rabbitte, McGrath in war of words over state assets
# State Assets
# State Assets

Rabbitte, McGrath in war of words over state assets

Feb 15th 2012, 2:30 PM 2,585 Views 25 Comments

Fianna Fáil’s finance spokesman takes issue with Pat Rabbitte’s claims that the sale of state assets was demanded by FF.

# michael-mcgrath - Thursday 19 January, 2012

Noonan's emigration comments branded 'a disgrace' by opposition
# Emigration
# Emigration

Noonan's emigration comments branded 'a disgrace' by opposition

Jan 19th 2012, 3:34 PM 7,066 Views 131 Comments

Sinn Féin’s finance spokesperson Pearse Doherty has said that Michael Noonan’s comments earlier today were “deeply insulting”.

# michael-mcgrath - Saturday 10 December, 2011

Financial transactions tax would be bad for Ireland - FF
# Tobin Tax
# Tobin Tax

Financial transactions tax would be bad for Ireland - FF

Dec 10th 2011, 4:42 PM 3,705 Views 50 Comments

Fianna Fáil’s finance spokesperson has warned that jobs could be at risk if Ireland had to adopt the tax while Britain opts out.

# michael-mcgrath - Friday 25 November, 2011

Noonan admits: Plans for VAT hike didn’t consider drop in demand
# Budget 2012
# Budget 2012

Noonan admits: Plans for VAT hike didn’t consider drop in demand

Nov 25th 2011, 2:27 PM 6,437 Views 91 Comments

The Minister for Finance concedes that his plans for a 2 per cent increase in VAT did not allow for the impact on spending.

# michael-mcgrath - Tuesday 15 November, 2011

Noonan: 'I never promised I'd burn senior bondholders'
# Bondholders
# Bondholders

Noonan: 'I never promised I'd burn senior bondholders'

Nov 15th 2011, 3:00 PM 4,002 Views 34 Comments

Michael Noonan says he would like to share the burden of Anglo with its bondholders, but that the ECB wouldn’t support it.

# michael-mcgrath - Wednesday 2 November, 2011

Department of Finance was told about the €3.6bn mistake last year - but did nothing
# Accounting Error
# Accounting Error

Department of Finance was told about the €3.6bn mistake last year - but did nothing

Nov 2nd 2011, 5:06 PM 1,533 Views 45 Comments

Michael Noonan has announced a review will be carried out to determine how the “humiliating schoolboy error” was made and why it was ignored.

# michael-mcgrath - Tuesday 1 November, 2011

Poll: Should we repay the unsecured Anglo Irish Bank bond?
# Your Say
# Your Say

Poll: Should we repay the unsecured Anglo Irish Bank bond?

Nov 1st 2011, 12:22 PM 5,885 Views 137 Comments

Tomorrow €730 million is due to be paid on an unsecured Anglo Irish Bank bond. Should the government pay up?

# michael-mcgrath - Monday 31 October, 2011

Govt under pressure over Anglo bondholder payout
# Bondholders
# Bondholders

Govt under pressure over Anglo bondholder payout

Oct 31st 2011, 5:35 PM 2,394 Views 35 Comments

Tomorrow, the Government is due to sign off on a US$1 billion (€718 million) payout to unsecured Anglo Irish Bank bondholders.

# michael-mcgrath - Monday 10 October, 2011

At least 32 Anglo employees still paid more than €200,000
# Anglo
# Anglo

At least 32 Anglo employees still paid more than €200,000

Oct 10th 2011, 9:19 PM 775 Views 36 Comments

There are also 93 private contractors at the bank whose salaries have not been revealed.

# michael-mcgrath - Wednesday 5 October, 2011

Government accused of hoarding pension levy to skew exchequer figures
# Exchequer Returns
# Exchequer Returns

Government accused of hoarding pension levy to skew exchequer figures

Oct 5th 2011, 2:35 PM 411 Views 11 Comments

Michael McGrath says the government’s pension levy isn’t being used on job creation – but the government disagrees.

# michael-mcgrath - Sunday 4 September, 2011

Mortgage defaults 'could cost banks up to €10bn' - FF
# Mortgages
# Mortgages

Mortgage defaults 'could cost banks up to €10bn' - FF

Sep 4th 2011, 4:30 PM 537 Views 34 Comments

Michael McGrath believes the ‘worst case scenario’ that went into the stress tests is now a reality – and it’s going to get worse.