Results 2,361-2,380 of 14,090 for speaker:Marc MacSharry
- Seanad: Order of Business (16 Dec 2014)
Marc MacSharry: It is not acting, it is action.
- Seanad: Order of Business (16 Dec 2014)
Marc MacSharry: Action.
- Seanad: Order of Business (16 Dec 2014)
Marc MacSharry: I remember when Senator Coghlan had to read everything out.
- Seanad: Order of Business (16 Dec 2014)
Marc MacSharry: It is.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: I thank Mr. Nyberg. Time is short with us more brief questioners. To the extent possible, perhaps we could do some yes-no type answering, if that is possible. I want to speak briefly to Mr. Nyberg about auditing and regulation first. He very specifically said earlier that regulation and supervision were not the problem, per se, but clearly implementation, or perhaps he meant enforcement,...
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: Mr. Nyberg mentioned that the crisis in Ireland was not unique because Iceland, Finland, the United States to an extent, and other countries indeed, but he did say there were specific differences, obviously in the tools they had to deal with them, the counter-cyclical measures in terms of the control of their own currency and, specifically, interest rates. Would Mr. Nyberg agree that the...
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: I started at 11.21 a.m. and it is now 11.26 a.m. I am timing myself here.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: In essence, what I want to know is this. Is the structure of the euro flawed in the context of a small member state because of the inflationary outlook of the ECB rather than those of the economic concerns of small economies like Ireland?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: When Mr. Nyberg was making his opening address, he said that it was important that while there were limitations on his commission in terms of looking at various things that covered banks, this committee will look at wider institutions, international institutions, and so on. Does Mr. Nyberg feel, and it feeds on very well from what we just discussed, that it will be a hindrance or a benefit...
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: So it will be a hindrance then.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: This follows on from my earlier questioning. Mr. Nyberg said economies must adjust to the constraints of participation in the euro and the ECB. What counter-cyclical measures does Mr. Nyberg feel are adequate to replace the fact that they are unable to control interest rates when crises or potential crises loom?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: Stamp duty.
- Seanad: Water Services Bill 2014: Second Stage (Resumed) (18 Dec 2014)
Marc MacSharry: I welcome the Minister of State, Deputy Paudie Coffey, and thank the Acting Chairman for giving me the opportunity to say a few words. Obviously, like everyone else on this side of the House or certainly all of my Fianna Fáil colleagues, I will be opposing the Bill. I appreciate that the Minister, Deputy Alan Kelly, is somewhat new to the role and that it is clear that there has been...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I want to ask him Mr. Wright about the expertise in the Department. He called for a good deal of engagement with the private sector on various matters in his report. He indicates that there was a reluctance by the Department to second guess the Central Bank if advices were coming in and so on. To what extent does Mr. Wright believe that the lack of internal expertise within the Department...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Given the lack of knowledge internally, was it the case that bankers were getting their own way?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: To put it in another way, was the Department prone to taking the banking sector's advice as the correct way to proceed rather than the Department outlining the way we ought to proceed?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: On the issue of economic and monetary union, Mr. Wright mentioned the difficulty Ireland faces in not having the potential to adjust interest rates and the very important counter-cyclical tool that would have offered. Does he feel that how the euro is structured and how the ECB does its business in terms of deciding where interest rates need to be and focusing more on inflation rather than...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I will rephrase the question. Is it is a problem that interest rates on this island will never be at the optimum position at which this economy needs them to be?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Notwithstanding the potential for other political and policy mistakes being made throughout the ten year period Mr. Wright examined, without the tool of interest rate deduction does he feel the Government or the Department were adequately equipped to deal with the problem quickly?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Given what we have discussed, would it surprise Mr. Wright that the ECB has announced its intention not to attend or co-operate with this inquiry?