Results 2,381-2,400 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I will put it another way. If Mr. Wright was conducting an inquiry in Canada between all the states, similar to this one, would it be possible to conduct it if its central bank did not allow itself to be included in the investigation?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: It is a "Yes" or "No" answer.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: The political science aspect of 35 years beside the Minister is rubbing off on Mr. Wright.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: We will take that as a "Yes."
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: On the comment that it will be difficult to do the work when a major player will not participate in the process.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: The ECB?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: I welcome Professor Patrick Honohan and thank him for being with us morning. It has already been asked by the first questioner as to how much the guarantee actually cost. Professor Patrick Honohan ventured that it came to €40 billion. On re-questioning from others, he said he was happy to clarify that the cost of the guarantee was not €40 billion but the cost of rescuing...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It was not the cost of the guarantee, however.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: Absolutely. And if we were able to burn the bondholders, it would have been substantially less, albeit €5 billion or €10 billion or €15 billion.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: That was an opinion earlier as opposed to a fact.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It might have been €20 billion or €15 billion.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It is important.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: Absolutely. For the guarantee itself, it would be incorrect to say it cost €40 billion.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It would not have been €40 billion. Is that not correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It could hardly have been €40 billion. That is good as it is important.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: It could have been better.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: Yes, absolutely because there were other matters such as the burning of the bondholders and all of that stuff that came right up to 2011 and beyond.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: That is good and it is important. As we are speaking today, news agencies are reporting the cost was €40 billion. I am pleased to hear Professor Patrick Honohan put it on the record that the figure is incorrect. Using ELA, emergency liquidity assistance, between the Tuesday and Sunday in question, why does Professor Patrick Honohan believe the European authorities, with...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: That is Professor Patrick Honohan’s opinion at the time. He has not changed it in advance. If, as the Governor of the Central Bank, Professor Honohan was presented with the same option today, would he opt for emergency liquidity assistance as a kind of a gamble, just to see how the political negotiations go between now and the weekend or, given what he now knows, as...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: In his role as a member of the Governing Council of the ECB, does Professor Honohan have fiduciary duties?