Results 3,241-3,260 of 12,320 for speaker:Paul Murphy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Paul Murphy: This is a unique business model for EBS from the point of view of the banking sector. Would it make sense if Mr. Kavanagh and the other agents and staff could be brought into the fold of EBS and employed as managers and staff on union agreed salaries etc. as opposed to the continuation of this franchise-type EBS model?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Paul Murphy: It was never put on the table as an option.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Paul Murphy: Okay.

Establishment of Special Joint Committee on Climate Action: Motion (3 Jul 2018)

Paul Murphy: We are the second worst.

Establishment of Special Joint Committee on Climate Action: Motion (3 Jul 2018)

Paul Murphy: The outcome of the Citizens' Assembly on the environment, as it was on the eighth amendment, shows how progressive ordinary people are when asked their opinions about issues and how it contrasts very favourably with the attitudes of the political establishment. What struck me strongest was the 98% who said that climate change should be put centre stage in policy making. That cannot be done...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: My apologies for being delayed. I was at another meeting, but I did read the opening statement. I take the point that the witnesses are not here to politically defend strategic, economic or political decisions to go down the route of using public private partnerships to provide public infrastructure. The Carillion collapse blows a massive hole in some of the arguments that have been used...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Exactly, by the NDFA.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Was Carillion awarded any contracts after that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: There three profit warnings in the course of five months. In the summer of 2017 it became clear that Carillion was in trouble. It would have been significantly more difficult for the company to win any further contracts because the profit warnings would have counted against it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Is the NDFA's view that even if it had done further digging, it could not have discovered that this would be a serious problem in the future? The information could not have been found. Several articles on this topic were published in the Financial Times, The Guardian, and other newspapers. The Financial Times, for example, reported that with "hindsight, the board fell into a series of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: I am not sure if the witnesses are in a position to answer this question. As I understand it, there were two parts to the PPP, namely, the building of the schools and the managing of the schools. I understand these have now been separated for the purposes of resolving the matter. What is the current status of the contract to manage the schools? Without getting into anything that is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Can Mr. Cahillane explain how that works? The State will pay a private operator to maintain these buildings over a period of 25 years. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Will the same monthly instalment be paid over a period of 25 years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: Can our guests provide figures regarding what a 25-year contract for a school costs as a basis for comparison? Can they give me a hypothetical generalisation and outline the proportion that is made up of building costs and the proportion that constitutes maintenance costs? I understand that they are all rolled in together.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: How would that compare to the costs of the State simply directly building and maintaining the facilities itself?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: How does that make sense? Fundamentally, building materials, labour and maintenance each cost a certain amount. There are prices for these things, there are markets, competition, etc. What explains the difference? Obviously, in the private sector, layers of profit are built in. That is an extra cost the State is paying. All things being equal, this should result in the private sector...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: However, there is one less level of profit. The main contractor, the equivalent of Carillion in this case, does not exist if the State does it directly. The witness makes a fair point, however, in that a firm such as Sammon is still subcontracted.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Paul Murphy: I thank the witnesses.

European Council: Statements (4 Jul 2018)

Paul Murphy: There are some Fine Gael councillors.

European Council: Statements (4 Jul 2018)

Paul Murphy: I will focus on the galloping pace of militarisation of the European Union. We consistently need to ring alarm bells about it because the Government's approach is to state "there is nothing to see here". We are joining PESCO which represents a real and qualitative increase in the State's role in the militarisation of the European Union. The notification states "a long-term vision of Pesco...