Results 18,421-18,440 of 26,148 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: In the limited time, I do not need it in detail.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: I thank Mr. Buti. I will follow on from that. The Commission completely changed the direction in the 2002 recommendation. I have a question on the backdrop there. Mr. Buti mentioned in his presentation that the Commission found mortgage interest relief on property as a negative and yet in the 2002 budget the then Government re-introduced mortgage interest relief on rental or investment...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: -----that the structural deficit was overstated in retrospect. In that time period, the Commission was basically saying that the structural fiscal position for Ireland was positive. Looking at it now, what is the Commission's current estimate of the structural balances prior to 2008?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: That is the question. With due respect to the Chairman, I am trying to work within the confines. I ask the Chairman to give me some latitude.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: I appreciate that.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: With due respect, I am operating within the time constraints.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: It is an important one.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: I welcome Dr. Donovan. Dr. Donovan said the IMF failed Ireland in terms of surveillance and asked how it got it so wrong. Dr. Donovan has 30 years of experience in the IMF. He has been involved in missions worldwide. What would he have done differently, and what recommendations could the IMF have made in respect of its surveillance of Ireland before the crisis? In what year should it...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: Is it fair to say that Dr. Donovan regards it as the worst surveillance mission by the IMF of any country in which it was involved?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: In what year should it have called stop?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: Would Dr. Donovan accept-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: Was 2007 too late?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: On what date does Dr. Donovan believe the bells should have been rung by the IMF?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: In terms of the issue of crying wolf too often, how big a factor was that in the type of public assessment the IMF gave?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: But on page 4 of his statement Dr. Donovan made specific reference to "a fear of being seen to cry wolf too often, since the overvaluation [thesis] had been raised every year since the start of the decade". Dr. Donovan is putting down on the public record reference to crying wolf. I am asking Dr. Donovan about the basis of his assessment in that regard.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: With due respect, Dr. Donovan-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: With due respect, Dr. Donovan-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: Dr. Donovan had been at the IMF for 30 years.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: Dr. Donovan makes reference in his report to the issue of the commercial property bubble.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Kieran O'Donnell: This is in page 4 of the report. Does Dr. Donovan believe that if there had not been a commercial property bubble, then there would have been no requirement for a bank guarantee or a bailout programme for Ireland?