Results 26,461-26,480 of 36,118 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: Professor FitzGerald said that if the rest of the world had not collapsed, we would have come through. He also said that if the ESRI had foreseen the financial crisis, it would have been factored into its assessment of Ireland. Is he a subscriber to the view that were it not for the international crisis, the banks would have been sound? The reason I ask this question is that a number of...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: We know some of the figures for Anglo Irish Bank. What does a term such as "come through" mean? Let us focus on Anglo Irish Bank. In the absence of an international financial collapse does Professor FitzGerald think Anglo Irish Bank would still be trading? Does he believe its losses which we know are in the region of €34 billion would have crystallised, regardless of an...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: Professor FitzGerald gave evidence to the committee that a senior economist in AIB had approached him in respect of a robust stress test at the bank in early 2006. I hope he will provide details of that individual for the committee at a later stage in order that it can follow through on that matter. He also said in his opening statement that the ESRI had not drawn a connection between the...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: Perhaps it is still not very clear.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: Deputy John Paul Phelan spoke about the funding of ESRI research by Permanent TSB. Did Nationwide UK also fund ongoing research? Did the Irish Banking Federation, NAMA and AIB fund research? If that is the case, what proportion of research is funded by financial institutions? Does Professor FitzGerald believe there could be any suggestion of capture as a result?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Pearse Doherty: While I appreciate that, am I right in saying that the tenth anniversary Permanent TSB report did not just present figures? It actually referred to soft landing commentary, which Permanent TSB then relied on to state that it supported the ESRI's position. It is not a case simply of presenting figures or not - or is it the contrary?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: Before I refer to the ECOFIN meeting, I would like to pick up on the last comment on the emergency Eurogroup meeting tomorrow. While none of us is aware of the Greeks' proposals, we are aware from what was said by the Greek Finance Minister that there will be firm proposals at the Eurogroup meeting tomorrow. We are also aware that the central demand is for a bridging programme and space to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: I appreciate the Minister's comments, in particular, on having a sympathetic approach. On positions he has articulated which possibly come from others on fulfilling the outstanding conditions under the programme, is it the Government's position that the programme, as constructed, is not capable of working? We are talking about a programme that has added €240 billion of debt to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: We would all like to see it addressed. The Minister said he did not know what the Greek's proposals were. I am not sure I know what is the Government's position on the principles it will adopt. I put it to the Minister and without second-guessing-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: Both positions are the same as those being articulated by the Greek Government, but I am not sure how far the Irish position is from the specifics-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: They have made a public call for time, in the context of what was a genuine democratic revolution, to allow the new Greek Government to negotiate on behalf of its citizens. Without second-guessing the views of citizens across the State, I genuinely believe the vast majority of them would support allowing the Greek people time. The Minister is right to point out that there is a humanitarian...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: As must other member states, including Ireland, which at ECOFIN decided time and again that this was the type of programme that would be foisted on Greece which was put in a corner and running out of money. It was about loading €240 billion of debt onto the economy. I do not think any economist believes - the Minister can ask the economist sitting beside him - Greece can pay back...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: In terms of our EUROSTAT accountancy statistics and so on, will it be counted as Government expenditure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: That does not apply to Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: The position in Ireland is-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: Is the Minister suggesting negotiations on the expenditure ceilings are ongoing? Otherwise, the Government will not be able to invest using the Juncker moneys given the expenditure ceilings imposed on the State.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: How could that be done?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: There are negotiations taking place. I would like to clarify the issue which we discussed a couple of weeks ago. We cannot benefit from the investment clause at this time. Therefore, unless leeway is provided, we will be restricted in this investment by the expenditure ceilings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: Will there be white smoke tomorrow, or is this a long-term issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: ECOFIN Briefings: Minister for Finance (10 Feb 2015)
Pearse Doherty: I thank the Minister.