Michael Noonan - Eurogroup

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Last quote by Michael Noonan

I believe now is a good time for a new Finance Minister to take up office. Ireland is the fastest growing economy in Europe, the budget is almost balanced and we are on the cusp of full employment.feedback
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May 18 2017
Michael Noonan has been quoted 34 times. The two most recent articles where Michael Noonan has been quoted are Eurozone finance ministers' group head Dijsselbloem wants 'realism' over Brexit and It’s tricky’: Apple has missed the deadline to pay $13.9 billion to Ireland in illegal tax benefits. Most recently, Michael Noonan was quoted as having said, “We have the issues on the island of Ireland to do with the peace process, to do with relationships with Northern Ireland, to do with the free movement of people north and south and into the UK, which of course means the maintenance of the common labour market which we've had been Ireland and the UK for quite a long time. There's a second set of issues to do with trade then. And it's in our interests that we would come as close to the UK having a free trade agreement with the European Union as is possible, because 1.2 billion worth of trade crosses the Irish sea every week.”.
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Michael Noonan quotes

There remains no fixed timetable for any sale at this time as it will depend on market conditions amongst other things.feedback

At the moment we're constrained unduly by the necessity to fit within a set of fiscal rules where the same rules apply to every country in Europe regardless of his state of development or whether its population is increasing or decreasing.feedback

This country needs a huge investment in infrastructure (because) we've one big problem. By 2050, a generation away, the estimate is that the Irish population will be 6.7 million people as against 4.6 (million) now.feedback

On AIB, I'm asking them to continue the preparatory work. There'll be no IPO in 2016, but I'm holding open the possibility of an IPO sometime in 2017 but that will depend on the advice I receive and on market condition.feedback

The government fundamentally disagrees with the European Commission's analysis and the decision left no choice but to take an appeal to the European Courts and this will be submitted tomorrow.feedback

We never decided we would have (an initial public offering) in 2017, the only consideration is the amount of money we can recover for the taxpayer and we'll sell when we think we're at the best position to get the maximum amount.feedback

The UK's decision to exit the European Union represents a real risk to our economy. The best and most immediate policy under our own control to mitigate this risk is to control the public finances. We must also put in place economic shock absorbers to reduce or eliminate the impact of future economic shocks.feedback

How could any foreign direct investor come into Europe if they thought the valid arrangements they made under law could be overturned a generation later and they be liable to pay back money.feedback

This is necessary to defend the integrity of our tax system, to provide tax certainty to business and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation.feedback

As far as I am concerned there is no economic basis for this decision. It's bizarre and it's an exercise in politics by the Competition Commission.feedback

I've seen governments on an overall majority at 41, 42 percent. We're very close to that.feedback

I welcome the decision by Credit Suisse to become the first 'third country' bank to seek to branch into Ireland.feedback

I am abolishing the ability of companies to use the 'Double Irish' by changing our residency rules to require all companies registered in Ireland to also be tax resident in Ireland.feedback

A profitable bank is a more valuable bank, which will, over time allow the state to maximise the return on its investment.feedback

This isn't the end of the road. This is a very significant milestone on the road. But we must continue with the same types of policies.feedback

The real heroes and heroines of the story are the Irish people. They've had their taxes increased, they've had their services cut drastically.feedback

The interest rate reduction and the suggestion that the currency level might go down a little would both help our exports and help our economy to grow.feedback

If we had a credit line equivalent to a full year's deficit, in other words about 10 billion euros, then if something happens … then we have a year's funding of the deficit to allow the thing to work through.feedback

If Portugal takes the lead, will certainly be supporting the position as outlined, but it has been signaled to me already that there will be a discussion at both meetings. There isn't an expectation at this stage of an offer being made to Ireland and Portugal.feedback

When I stood before the house last year, the Irish government was locked out of bond markets. Our 2-year bond yields were almost 10 percent. Now they are less than 2 percent. We have seen a total transformation in only 12 months … We are now well on the road to recovery so let's look to the future with confidence.feedback

It has been recited far and wide that it is impossible for Ireland to get money on the markets. Now we have significant private sector investors prepared to put money into Bank of Ireland and that's a strong signal internationally.feedback

The agreements that were reached have to be ratified by the Greek parliament. So its a normal process, but there shouldn't be any undue delay, so I would like to see this resolved early in July.feedback

What we want is an early election because we have a cabinet now at the constitutional minimum of seven ministers. With a Taoiseach who's lost the confidence of the Dail [lower house of parliament] and of his own party, we just can't have that.feedback

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