Results 3,361-3,380 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Why had things not changed in the period leading up to that point?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Would Mr. Wright describe the system that was in place in our Department of Finance when he first visited it as old fashioned?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: To continue with the comparisons between Canada and Ireland, Mr. Wright stated that people in the Department of Finance here used to have to go home and watch television in order to discover what was in the budget. In Canada, the Minister led the process and everyone followed behind him. Are we talking, therefore, about an absence of leadership in the Irish Department of Finance?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Does that not come down to leadership? Is it not a question of a Minister engaging all of his or her staff?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Mr. Wright did not see that in the Department of Finance?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: But we did not have that in 2010 because the Department was old fashioned.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: When Mr. Wright first went into the department in Canada he talked about it not having a proper HR function but about dominant personalities. Was that a problem when he came into the Department of Finance here?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: In Ireland, when Mr. Wright came here.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Mr. Wright talked about dominant personalities when he first went into the department in Canada, and how it is modernised now in Canada.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Moving to another area, Mr. Wright's report states that it was impossible to review all of the advice over the ten-year period. Is it necessary for this committee to look at the advice that was given in the Department? Is it necessary for this committee to do that work, or is what is provided in the report enough of a snapshot? Is there more documentation that we need to look at?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Just to clarify something else about the memoranda on the budget that went to Cabinet in June. That was the position of the Department but it was signed off on by the Minister, so it was also his view then.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Is there any evidence that, when that view was not accepted at Cabinet in the actual budget in December, there was any internal process reflecting on that in the Department and saying, "We said this in June, this has just been announced"?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Mr. Wright said earlier on there was a tendency to think that if money was coming in we should spend it, but I think he said that thinking was not in the Department.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: In 2000 or thereabouts, things began to change and Mr. Wright has noted several of those changes in this report. He notes, for example, that while the economy continued to expand after 2000, the dynamic changed with growth being less export-led and depending more on domestic factors. From Mr. Wright's understanding, was this dynamic change an intentional change?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Had we begun to lose competitiveness at that point?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Mr. Wright says in his report that we received warnings in this regard which were not heeded.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Did Mr. Wright come across anything in the Department that showed it was at least aware of these warnings and how it was reacting to them?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Would Mr. Wright say the warning on competitiveness comes through in the Department's advice to the Cabinet in terms of overheating?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Mr. Wright says in his conclusions that Ireland failed the test of prudent fiscal management. Thinking forward five or ten years' time, how do we know if we are passing that test without walking into another economic crisis?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Eoghan Murphy: Passing the test of prudent fiscal management.