Results 2,541-2,560 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: Last question, and I thank the Chairman. Professor Black's writings, to me, would seem to suggest that Ireland took the hit for the European banking crisis.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: Professor Black would agree with that statement.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: Would Professor Black feel that the euro, therefore, is arguably unfit for purpose because of the smaller economies on the periphery like Ireland, which are less than 1% of the eurozone?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I thank Professor Black.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I welcome Mr. Nava and thank him for taking the time to be with us. The Commission's role is the drafting of legislation as opposed to making decisions. Would it be fair to say that given the amount of new legislation drafted since the crisis, the Commission's work in regulation up to that point was disastrously unfit for purpose?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I asked a question.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I did not. I asked if what I was suggesting would be fair or not.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: So Mr. Nava agrees.
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I am pleased that it is. In the period running up to the crisis the Committee on Economic and Monetary Affairs of the European Parliament met many times. The then head of the European Central Bank, Jean Claude Trichet, would attend those meetings and answer questions. At that time Irish MEPs, most notably Mr. Eoin Ryan and Mr. Gay Mitchell, consistently raised with Mr. Trichet whether,...
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I will try to be more helpful. In the reality of asset price inflation contributing to the difficulties we have experienced over the past seven or eight years, what has the Commission drafted to ensure we are adequately monitoring this situation for European citizens?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: As pointed out, decisions are made by the Council and Parliament rather than the Commission. Has the Commission drafted a position or suggestion that Ireland should allow a bank to fail?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: To whom in the Commission would one put this question?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I appreciate that and I am sorry. I am just asking-----
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: I appreciate that. I certainly do not know who to ask. Could Mr. Nava suggest who might be more appropriate?
- Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)
Marc MacSharry: Thank you.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I welcome Professor FitzGerald and thank him for taking the time. In his view, was monetary policy, as set by the ECB, in Ireland's interests in the period 2003-08?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: Just to ask very specifically again - was the monetary policy being set in Ireland's interest?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: In that context, is the EMU fit for purpose for a small open economy like Ireland? Will the interest rates ever be where we need them to be?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I get that point.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I am not blaming the monetary union. I am asking a specific question. Will interest rates ever be where we optimally need them to be, because of the structure of the EMU?