Results 6,181-6,200 of 27,019 for speaker:Michael Noonan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Yes, I mean, I read accounts of that in the newspapers but the accounts were contradictory. One said quite bluntly that I don't use metaphors, you know, with those ... that kind of imagery or words to that effect and the other one was that he didn't use the words at all. So I'm not too sure what was said to Deputy Eoghan Murphy but I can assure this committee he said it. He didn't use the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: By the way, there's something I came across during the summer which ... it isn't evidential in nature but it's a curiosity and you might be interested in the anecdote. Tim Geithner-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Tim Geithner was Secretary to the Treasury in the United States, and I met Tim Geithner on several occasions, and he's often recited as being somebody who was against burden-sharing, and he was, he makes no bones about it. But he has written his autobiography and I read it during August, and the introductory chapter of Tim Geithner's autobiography is called "The Bombs", and he describes the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: That's correct. I was never threatened that they'd withdraw ELA or assistance to the Irish sovereign but, and you'd well know from your experience here, in saying that Ireland would be treated as a country in default and a bank would be treated as a bank in default, the implications of that to me were clear. ELA could be suspended. ELA was always temporary. Frankfurt always made decisions...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Well, in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: -----in the Government decision I was given the authority to proceed on the basis of this, and to burden-share if I got the agreement of the external authorities, and particularly the ECB, so I had been authorised by the Government. So there wasn't a further Government meeting but I rang the Taoiseach and the Taoiseach was in consultation with the Tánaiste, and I think Minister Howlin...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: I don't know what the understanding of colleagues was, or what colleagues may have said to that eminent journalist, Pat Leahy. And the book is a very good book; I don't deny that. All I can tell you, and I've read it into the record what the Government decision was, and Government decisions are available to all Ministers.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Well, first of all, the word "threat" was never used either by myself or Mr. Trichet, and it was a conversation which was a reasonable conversation, and from his perspective, he seemed to think he was simply pointing out facts to me.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Yes, he was pointing out facts as far as he was concerned. So I don't want to exaggerate this, either the tone-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: No, no, you asked-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: -----I want to answer-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: -----and I'll do that now because you made an allegation at the end of your question-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: -----and I need to deal with it
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: I don't mind how long I stay------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: I went to the Dáil------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: What I advised the Taoiseach was that the risk was too high to proceed with bond burning, but that was to proceed at that point. The rest of the Government decision we communicated to the Dáil and proceeded to the recapitalise the banks. There wouldn't have been any problem for the Government the following Tuesday to decide on an alternative course of action, but I wasn't prepared to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: If I got the agreement of the ECB.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: The decision was conditional.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: Well, there are about 30,000 people working there-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael Noonan: -----Deputy.