Results 2,721-2,740 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: In Professor Ahearne's experience as a economist who has worked in a number of different areas, what sort of regulatory system ought to exist? He has just said that governments want to get elected. What should exist to be able to take the punch bowl out of the room? What safeguard ought to be there, or should be there, given the realities of the political discourse, as Professor Ahearne...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: Earlier this morning, Peter Bacon said that he was unclear what legal force the Central Bank can apply to determine what mortgage lending should be. Others have questioned the force of the regulator, and so on, in other testimony. What is Professor Ahearne's view of that in the period? I have just two other questions after this.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: Professor Ahearne said earlier that there was an informal agreement, to quote his own words, at European level that we were not going to have a Lehman's in Europe. As an economist, can he give his view of the scale of the fiscal adjustment here if we had allowed banks to fail or if we did not pay bondholders? Would there have been an adjustment in the fiscal adjustment we had to undertake...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: I have a final question and there are two brief parts to it. First, can Professor Ahearne clarify whether or not, in his view, the fiscal adjustment that had to be made would have been close to the same? Second, in testimony here, Governor Honohan has said that the cost of saving the banks is €40 billion. Is he right or wrong with that figure?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: Interesting.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: I would like to seek clarification on my last question. I put a question to the Governor of the Irish Central Bank, Professor Honohan, about the costs of recapitalisation. He said it would amount to some €40 billion but Professor Ahearne said it would be much less than that. How much does he think it will be? I asked earlier if the fiscal adjustment would have been less or more...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: Is the trend upwards or downwards?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: I used the word.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Marc MacSharry: Is it correct that the real cost so far has been a couple of hundred million euro?
- Seanad: Order of Business (10 Mar 2015)
Marc MacSharry: I thank the Cathaoirleach and will be as brief as possible. I agree with other speakers on the issue of disputes in the Irish Prison Service. Anecdotal evidence suggests there jas been a clear breakdown of communication between Mr. Michael Donnellan, head of the Irish Prison Service, and the Prison Officers Association. I appeal to all parties, particularly the Minister, to bring the...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: M00200 type: 1 --> I thank Mr. Carswell for being here. In a speech given in Dublin City Library in 2012, he said:You hear talk now about Trichet, Jean-Claude Trichet, the European Central Bank president, threatening Ireland and some say the fear was that they would withdraw the funding from the Irish banks. I'm not sure they could have done that but what they could have done is put...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: I get that. To follow on, it was before the letters.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: Now that we know what was in the letters and they are in the public domain on the ECB website and so on, what does Mr. Carswell think now?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: Of that statement. Would or could they have withdrawn funding? Mr. Carswell said at the time he was sure they would not.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: It was in 2012 in Dublin City Public Libraries.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: In the post-letters environment, what does Mr. Carswell think the letters meant?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: In the context of withdrawing assistance. Was there an implicit or explicit threat to Ireland that if it did not take action A, response B would happen from the ECB?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: Mr. Carswell thinks it could not have done it, the Government would have known it could not have done it and could have done what it liked, basically.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: It could increase the cost and that was it. Does Mr. Carswell think the ECB could or would have let Ireland burn bondholders?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Marc MacSharry: Any of them, effectively, any of the senior bondholders, any of the----