Results 2,981-3,000 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: -----whether you'd borrowed the money.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: We are talking about the closeness between banks and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Thank you. In relation to the cost of tax expenditures, and I know you've discussed this with other members, according to the OECD, by 2005 the cost of tax expenditures had become larger than the remaining income tax receipts. This is in the Regling and Watson report, page 27:As a percentage of total tax revenue, tax expenditures in Ireland are more than three times larger than on average...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Mr. McCreevy, I asked you a question-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: With respect, Chair, from the OECD, it's not Senator O'Keeffe saying this.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: I'm quoting to you from the OECD and their observations and I would add that the Indecon-Goodbody report that was done put a cost of €6.8 billion-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: So I'm saying to you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: So just finally-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Finally, yes, the fact that they were three times larger than the average in the EU, you are saying ultimately, you were happy with that? That there was a contribution made, is that correct? Have I understood you correctly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: The wish for lunch grows.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Mr. Cowen, Vol. 2, page 7. I know you have seen this graph before today, I think. The annual budget settlements announced in December '04, '05 and '06 implemented a significantly more expansionary fiscal policy than was recommended by the Central Bank in its pre-budget letters each year. Can you explain why Government chose to ignore the consistent advice of the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: When you would choose, say, for example, the first in 2004 and if you wouldn't ... if you would ignore it in 2004 and again ... did it become a thing where you would look at it and go, ''Well, that's helpful but not really useful?'' I mean, what was going through your head when you were looking at their advice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: So you wouldn't give extra weight to the advice given by the Central Bank given their particular expertise?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Because I'm looking at the graph, I suppose. I'm looking at the graph saying, well the budget packages if you like, it's a very clear-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: -----blue line and a red line. The blue is the recommendation and the red is what happened.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Well, in the Nyberg report, on page 60, it says, ''it is safe to say that vigilant authorities should have been much more concerned by the end of 2005'', and then it goes on: By the end of 2005, on a reasonable assessment, the authorities should have been sufficiently concerned about the emergence of a property bubble to consider aggressive action to deflate it: new house prices had...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Somewhat-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: So you ... you took comfort that they'd receded sufficiently for you to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Yes, okay. So you took comfort from that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Okay.