Results 2,441-2,460 of 14,090 for speaker:Marc MacSharry
- Seanad: Water Services: Motion (21 Jan 2015)
Marc MacSharry: The Minister of State, Deputy Kathleen Lynch, is worn out from cleaning up after Fine Gael.
- Seanad: Water Services: Motion (21 Jan 2015)
Marc MacSharry: He might be glad of them.
- Seanad: Water Services: Motion (21 Jan 2015)
Marc MacSharry: I apologise for not having been here for the Minister of State's address as I had to attend to a matter, but I was watching it on the monitor and have been able to check the script. Certain Senators made very specific reference to Senators on this side of the House. Nobody on this side of the House is bound to repeat or support the mistakes of the past. All I can say is that it takes a...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: I welcome Mr. Regling back to the committee. I thank him for taking the time, voluntarily, to come here today. As he is no doubt aware, there is a reluctance from some Europeans to take part in this inquiry. That leads to my first question. I will deal more specifically with his report after that. Why does he feel there is a reluctance from European authorities to participate with the...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: I am merely asking as somebody-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Absolutely. I am only asking Mr. Regling that question------
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: I am only asking that question, as we might say in Ireland, while we have him. Given his experience of working on three occasions for the IMF and the German finance ministry, it helps me in my work to ask him if it is possible for us to do our work sufficiently without the ability to ask a series of questions of those organisations.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: They would have been, arguably, responsible for a huge percentage of monetary policy.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: I appreciate that.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: I have 15 minutes, as the Chairman is aware.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: In fairness, Chairman, you interject between every single speaker. I am asking questions and my first responsibility is to the Irish people, as is yours, I might remind you.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: If you would allow me the breadth at times to give some relevance and context to my questions, you might have time to listen.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: If you give me the time without the interjections.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Thank you. Does Mr. Regling feel that the crisis in Ireland could have precipitated a collapse in the euro?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Okay. That is fine. In that context, without the benefit of hindsight, the methodology in terms of the structural deficit which Mr. Regling speaks of now, rather than in the report, which he mentioned in his opening statement, and the fact there is a lot more macro prudential focus, would it be fair to say that the structure of the eurozone for small open economies such as Ireland was...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: As Mr. Regling said - we are to talk about the period in the report and the report itself - at that time the structure was incomplete.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Can I move on?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: More serious, of course.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Countries were not able, for example, to adjust their own interest rates, in that aspect of monetary policy. Given that there were no bears in the market, with the exception of Professor Taylor in Stanford and Professor Morgan Kelly in UCD, what pro-cyclical policies could a Government have implemented in 2006 to prevent this crisis? At that stage, if we had listened to the IMF or the...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Marc MacSharry: Given the imperfect nature of the eurozone and its structure, as we spoke about earlier, we were not really prepared for that aspect. Would that be fair to say?