Results 3,921-3,940 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: In his witness statement, Patrick Honohan states: One of the measures pressed on the Irish authorities by the troika was the merger of Anglo with INBS and that of EBS and AIB. From my perspective this measure served no strategic purpose. It seemed largely a pointless cosmetic exercise. Could you comment on that statement, and these mergers, and his view that they were a pointless...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Is this view similar to the one given by the Central Bank at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: So, you think it was a good thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Back to the line of questioning that Deputy Murphy had in relation to burning of bondholders. Did you watch the evidence of Mr. Trichet at the event in Dublin Castle?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: You described, and, again, I don't want to be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes, okay, so, the words that you mentioned in your report, while you said that you would give, "on the one hand this and the other hand that", words like "fiction", "fallacy", "hectoring tone", "bullying attitude" and so on. How would you assess the evidence given by Mr. Trichet on the day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Would you have a view as to why the ECB preferred to engage in an external meeting with this inquiry rather than come in, like yourself, under oath, to give evidence?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes. Again, just to cover the Strauss-Kahn issue, which you have dealt with, would it be your understanding or not that Minister Brian Lenihan at the time felt that the Irish Government were going to be in a position to burn bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: He had one great optimistic day. You mentioned the call coming in then which said that Trichet and Geithner were not in favour of this and, presumably, this was the call that gave the bad news. Who was that call with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: It must have been?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Who else would be on that call? If it was G7 I mean-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. Have you learned anything since that you could share?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: I am sorry. Can you remember a passage in the book, did it not say that he found Trichet more animated than he ever found him or something to that effect?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. Have you any view on why Trichet, for example, would not have accepted the arguably more experienced position and authority of the IMF on matters such as these in the context of burning bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Who were the beneficiaries of Ireland's not burning the bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: We know that but in the European context. Who had to gain?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: You said last week when we spoke and I asked you had Ireland's actions saved the euro and you said that it had but so too had the actions of other countries. How many other countries proportionately paid bondholders in a similar way as us?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Nobody. So is it fair or not to say that in the context of saving the euro, that the Irish people have done most?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: As you mentioned Greece, their negotiating approach, with the benefit of hindsight, would you have done anything differently?