Results 3,581-3,600 of 15,555 for speaker:Eoghan Murphy

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

Eoghan Murphy: Was the issue of potential bank failure discussed?

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

Eoghan Murphy: Was nationalisation or a guarantee mentioned at all?

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

Eoghan Murphy: Moving on to September, on 14 September, Professor Ahearne wrote an article in the Sunday Independent. He was talking about the banks and he said that the information they had been releasing about the quality of their loan books did not always square with anecdotes about potentially huge losses associated with land purchases and unsold developments. To what extent did he understand then the...

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

Eoghan Murphy: However, Professor Ahearne took the anecdotes seriously enough to make him question the information that was being released by the banks.

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

Eoghan Murphy: From the information Professor Ahearne had, were there any indications at the time about risk of insolvency in the banks?

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

Eoghan Murphy: Professor Ahearne met the Minister again at the Fianna Fáil parliamentary party think-in on 15 September 2008, and he wrote that the Minister mused whether it would be possible to knock over two dominos without knocking the other four. That was his expression.

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

Eoghan Murphy: Professor Ahearne assumed he was contemplating the closure of Anglo Irish Bank and INBS but was concerned about the knock-on effects.

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

Eoghan Murphy: Why does Professor Ahearne think he was contemplating this at that time?

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

Eoghan Murphy: I think Professor Ahearne said that he got the impression he was exploring a wide range of alternatives. Did he mention any alternatives to Professor Ahearne in that discussion?

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

Eoghan Murphy: Does Professor Ahearne think his thinking may have changed at all since Professor Ahearne's previous meeting in August?

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

Eoghan Murphy: Did Professor Ahearne speak again before the guarantee was brought in?

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

Eoghan Murphy: Did Professor Ahearne speak in the period immediately after it?

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

Eoghan Murphy: Professor Ahearne did respond to the decision on the guarantee with an article in The Irish Timeson 1 October 2008 which documents Professor Ahearne's reaction well. Other academics had a different reaction. What is Professor Ahearne's position now on whether the guarantee was a well-designed policy versus Professor Ahearne's position at the time?

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

Eoghan Murphy: Did Professor Ahearne discover subsequently why it was included?

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

Eoghan Murphy: Professor Ahearne said the European finance Ministers announced a co-ordinated response on 7 October but that undoubtedly Brussels and Frankfurt had sent a clear message to capitals weeks earlier that there would be no repeat of the Lehman Brothers debacle in Europe. Would Professor Ahearne like to expand on that?

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

Eoghan Murphy: Professor Ahearne has been critical of Olli Rehn for saying the blanket guarantee was a mistake. Was that a fair assessment?

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

Eoghan Murphy: I have two brief supplementaries. In his opening statement, Professor Ahearne talked about the price-rent ratio as an indicator of a bubble. How important an indicator is it? Does it rank in the top three indicators? Is it something that needs to be scrutinised continuously?

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

Eoghan Murphy: There has been some discussion in this context phase of the extent to which this crisis was home grown. Professor Ahearne wrote in The Sunday Independentthat the housing market began to turn sour around the middle of 2006, a full year before the global credit crisis erupted in August 2007. Can he give an opinion on the relationship between the international and domestic factors?

An Bille um an gCeathrú Leasú is Triocha ar an mBunreacht (Neodracht) 2013: An Dara Céim [Comhaltaí Príobháideacha] - Thirty-fourth Amendment to the Constitution (Neutrality) Bill 2013: Second Stage [Private Members] (6 Mar 2015)

Eoghan Murphy: I would like to have more time to speak on this but I appreciate the other speakers-----

An Bille um an gCeathrú Leasú is Triocha ar an mBunreacht (Neodracht) 2013: An Dara Céim [Comhaltaí Príobháideacha] - Thirty-fourth Amendment to the Constitution (Neutrality) Bill 2013: Second Stage [Private Members] (6 Mar 2015)

Eoghan Murphy: I appreciate the other speakers have shortened their time to allow me contribute. I welcome the debate, although I think there is an air of unreality around it. We are not a neutral country and we never have been, and to say otherwise is ridiculous. Neutrality, as a position, historically, is almost impossible, and if we thought that by somehow putting neutrality in the Constitution...