Results 2,861-2,880 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Deputy McGrath asked questions earlier about insolvency versus liquidity and Mr. McWilliams indicated that on the night of the meeting on 17 to 18 September, he did not have any evidence that there were insolvency issues within some of the------

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I put a quote to Mr. McWilliams from Follow the Money. It states: "The Minister indicated that the problem was more acute. The most revealing thing about our conversation was that it was AIB not Anglo Irish that had the most severe funding problems".

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: What I want to ask is whether it raised the fact that there were solvency issues rather than a liquidity issue in AIB. He has said it did.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I understand. My final question relates to an article I have just found from the Irish Examineron Monday, 2 November 2009, which was written by Seán Connolly, the political correspondent. The article was on a war of words that erupted between Mr. McWilliams and the late Minister, Brian Lenihan. It was a year and a bit after the guarantee. I refer to a specific quote from the late...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: He indicated furthermore that he really did not go out specifically to meet Mr. McWilliams and said he happened to be in that part of the city.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I refer to Deputy Michael McGrath's questions about Professor McDonough's economic thesis. Professor McDonough identified South Korea as an example of a banking sector that worked. There must have been a successful society or country at some stage in history on which he is basing his arguments. Most financial theories are based on an example that worked. I am not asking him to identify...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Does Professor McDonough have examples-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: That is a fair point. To be clear, I was asking Professor McDonough whether he could provide examples of where the alternative to the criticisms he made in his presentation actually worked. He has not pointed to any alternative, bar the banking sector in South Korea.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I will ask a completely different question regarding the Irish crisis and financial collapse. Does Professor McDonough think our narrow tax base and, in particular, the absence of a property tax played a role in what happened in Ireland?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: As somebody who was very young in 1987, I cannot say I have instant recollection of everything from that period. Professor McDonough and Deputy Eoghan Murphy referred to the formation of social partnership. I want to dig deeper into Professor McDonough's comments about the threat of Thatcherism being introduced in Ireland. He implied that the unions felt they had to enter into social...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Does Professor McDonough have any Irish example of the threat of Thatcherism?

Written Answers — Department of Communications, Energy and Natural Resources: Electricity Transmission Network (3 Mar 2015)

John Paul Phelan: 588. To ask the Minister for Communications, Energy and Natural Resources when EirGrid will announce its preferred route for the Grid Link project; and when announced, if there will be public consultation before the independent expert panel reviews the proposal. [9005/15]

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: In relation to Dr. Bacon's three reports on the housing market, how was he appointed to conduct those reports? Was there a tendering process?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Was it advertised each time?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: When Dr. Bacon was conducting those reports, did he have private clients who were property developers, be they commercial, residential or financial institutions?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Has Dr. Bacon ever served in any capacity with a property development company or a financial institution?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Will Dr. Bacon outline what that was?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: That was subsequent to conducting the reports.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Which one?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: I have a couple of questions about NAMA. Will Dr. Bacon give a brief outline to the committee about the events that preceded his report which I think was commissioned by the National Treasury Management Agency at the time? How did Dr. Bacon come to conduct that particular report?