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Brian Lenihan



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LENIHAN STATEMENT

Statement released last night by Minister for Finance Brian Lenihan

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Lenihan to meet bank heads

Finance Minister Brian Lenihan meets the chief executives of six Irish banks today for talks on a rescue package for the crisis-stricken financial sector.

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Lenihan asked to clarify confidence in board of Fás

MINISTER FOR Finance Brian Lenihan refused to say if he had confidence in the Fás board.

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Lenihan to discuss rescue plans with bank chiefs

The Minister for Finance Brian Lenihan will meet with the chiefs of the six State-guaranteed banks and building societies today for talks on a rescue package for the crisis-stricken financial sector.

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Ensuring banks can lend is key to reform - Lenihan

The core issue in reforming the Irish banking system is to ensure the banks are in a position to lend “and work is ongoing in that regard”, the Minister for Finance Brian Lenihan said today.

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Lenihan says State not committed to any one bank investor

Minister for Finance Brian Lenihan today welcomed an approach from private investors to pour more than €2 billion into the State’s struggling banks but said the Government was not committed to any one investor.

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Lenihan told of medical card 'risks'

MINISTER FOR Finance Brian Lenihan and Department of Health officials were warned that there were "significant risks" attached to the move to abolish the automatic entitlement to a medical card for over-70s in the days prior to the Budget.

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Banks have various capital options, says Lenihan

Irish banks have various options to raise capital, Minister for Finance Brian Lenihan said today, as speculation mounts over possible investment in the lenders by private equity groups.

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Lenihan says private move on banks not necessarily a threat

MINISTER FOR Finance Brian Lenihan has said a private move on the banks need not necessarily be a threat.

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New plan to recapitalise Irish banks offered to Lenihan

New plan to recapitalise Irish banks offered to LenihanARTHUR BEESLEY, Senior Business CorrespondentTHE INVESTMENT subsidiaries of AIB, Irish Life Permanent and Bank of Ireland and a number of other Irish and international institutions are developing a plan to recapitalise the domestic banking system as co-investors with the State.The proposal, tabled to Minister for Finance Brian Lenihan...

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Focus on costs to prepare for recovery, says Lenihan

THE GOVERNMENT'S main economic focus must be the restoration of international cost competitiveness, Minister for Finance Brian Lenihan told the Dáil.

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Ireland's Tax Deficit will exceed € 8 billion

Ireland's Minister for Finance Brian Lenihan (left) has said that he will take "remedial steps" to reduce government spending after the latest Exchequer figures revealed a very sharp deterioration in the country's public finances. The new figures show that the shortfall for this year is now set to exceed € 8 billion , which is almost € 2 billion more than the government expected just...

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More cuts to spending on way as tax shortfall hits €7.5bn

... parties have described the situation as "catastrophic" and "ruinous", while Minister for Finance Brian Lenihan has promised further spending cuts in response to the latest exchequer figures. "There is now a major gap between spending levels and tax receipts," the Minister said.The figures reveal a massive shortfall of close to €7.5 billion in the amount of tax revenue collected by...

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RUMOUR OF THE DAY: AIB 'eyes bond market for cash'

A spokeswoman for Anglo Irish Bank – which is today due to release its financial results for the year to the end of September – declined to comment on the report.Last month, both Bank of Ireland and Allied Irish Banks raised 2 billion (£1.7bn) each under the Irish government's two-year guarantee scheme. After talks with Irish bank executives on Friday, finance minister Brian Lenihan said...

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Exchequer returns reveal large firms suffering squeeze

... spending cuts in July. The state of public finances has also worsened since Minister for Finance Brian Lenihan introduced tax increases in the mid-October Budget.Spending is running behind the profile published at the start of the year to the tune of €541 million as a result of the spending cuts. But tax revenues for the first 11 months of 2008 are 16 per cent behind projections made...