Results 2,621-2,640 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Every country has a representative in the IMF, but, for example, Ireland does not contribute the most money, so is there some kind of qualified majority voting system which allows some countries to be more equal than others?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am sorry to interrupt but I have only two minutes left and I want to cut to the chase. Do the big boys dictate how the little boys pay off loans?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Okay, that is fine. We have had testimony this very day, from Mr. Marco Buti of the European Commission, who, when questioned by me, said very explicitly that there was no rule, written or unwritten, no air nor no environment in which it was understood that no bank should be allowed to fail. Dr. Donovan has just said explicitly and clearly that there was an agreement between Ireland,...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Okay, we absolve Dr. Donovan of that, but Ireland and Europe-----
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Just to be clear-----
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: It is the same question. I will be quick though. Dr. Donovan is referring to Ireland now on that issue and this is important because the committee heard this morning that there was no view in Europe that no bank should fail. There was no policy direction nor no understanding. Dr. Donovan is saying that there was such an understanding between Ireland and Europe. Can I ask Dr. Donovan what...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I have a final question.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Dr. Donovan mentioned Professor Mody earlier on. He spoke on Newstalk radio here in Ireland recently about some sort of debt restructuring. Would Dr. Donovan share his opinions? I am sure he is aware of them. In that context, does he feel Ireland got a bad deal from the troika, including the IMF?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: He clarified at the beginning that everything he is saying is his opinion.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Thanks.
- Seanad: Health Services: Motion (25 Feb 2015)
Marc MacSharry: I second the motion. On the first occasion on which the Minister came to the House in his new role I noted how much I admired his straight-talking approach and wished him well. I expressed confidence that if anybody could reform the health service, it would be him. He responded by saying I might not be saying this within a few months and, sure enough, here we are. My colleague, Deputy...
- Seanad: Health Services: Motion (25 Feb 2015)
Marc MacSharry: The Senator can check the Official Report to see what he has been saying.
- Seanad: Health Services: Motion (25 Feb 2015)
Marc MacSharry: The reality is that the entire health service is underfunded. I am not saying it is perfectly well managed. Clearly, there are management challenges and changes that have to be made, but inadequate funding is the underlying problem. It has moved beyond the point of crisis and I do not envy the Minister his position. I accept that it is difficult to come up with adequate solutions. The...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: I thank the professor for being here. In connection with the National Asset Management Agency, Professor Connor co-authored with Thomas Flavin and Brian O'Kelly "The US and Irish Credit Crises: Their Distinctive Differences and Common Features in 2010". He stated there that the Irish Government set up the National Asset Management Agency with the explicit goal of overpaying for banks'...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: In terms of the restricting of capital inflows, some of this was touched on before. Professor Connor said he believed that was possible. How were these policies controlled in other countries? Were there policies in other countries that restricted capital inflow and kept the punchbowl sufficiently at bay at key times? Can he give some examples?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: I refer to net foreign borrowing.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: Professor Connor spoke about blame and causes earlier. If we were to consider pillars such as the Irish Government, banks, the regulatory position and external factors such as the ECB, can Professor Connor apportion a percentage weighting of blame or cause?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: Good morning Professor and thank you for being here. Not being an accountant, and conscious of the people at home, could you confirm that IAS No. 39 is the standard applied in accounting and auditing in Europe?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: What circumstances, if any, would need to have been in place where the standard would have allowed the value of loan assets to be written down, with losses reflected by the banks? It is clear from Professor Walsh's opening statement there were limitations on IAS No. 39 in that regard.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Marc MacSharry: Is this the way to account for an impairment?