Results 4,241-4,260 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: In your statement, you said that the European Commission and the ECB, excuse me, favoured a front-loading of adjustment within an overall adjustment of at least €15 billion by 2014. Were they specific ... to where, you know, on the fiscal plan - you said the fiscal plan was the difference, rather, that didn't include the banking side - and were they specific on where there needed to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Just ... when you said there that the text of the plan wasn't shared with the international institutions, who was it shared with, if it wasn't shared with them? Was that not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: So as yourselves, in conjunction with the line Ministers, prepared a plan independently, you weren't liaising with anybody of the three institutions who ultimately were the troika, is that the case?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay, so just to summarise it - you correct me now if I'm wrong, because I don't want in any way to be seen as being judgmental - you were, kind of, making suggestions through the back channels, that, you know, "Would this work or would that work?", and they were giving their reaction to that. Is that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Sure, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: And, again - sorry to make you repeat yourself now - you said earlier that the partnership was an issue that they did want to, kind of, visit. And did you say the minimum wage or what was the second one?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Was it a red line issue? Not for the Irish side now, I'm talking about the institutional side - the three institutions.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Would you know was it the IMF or the Commission or the ECB that raised this issue? Or were they all three at one on this issue?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: And was it their position that the minimum wage should be reduced or increased?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: They were for reducing it then.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay. And did they prescribe how much or do you know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay. Was there a discussion in the Department that may be we could do 50 cent or €1 or €2 or ... what way did that work? Do you know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay. Did you feel that the approach by the Commission to reduce the minimum wage was accepted by our side or the Government's side of the day as opposed to our side? Or was it something that was a bone of contention for the negotiators and ultimately the Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Any other issue? I think you mentioned two when you mentioned the minimum wage. Was there another issue that was ... that there was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Just explain to people that might be watching. Is that, for example, if electricians worked that they get so much an hour or bakers or ... and so on like that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay. And were they prescribing in any way that these should be reduced or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Could be visited?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: Okay. Were there any other issues, just to move off this point then, that you felt through colleagues, I know that you weren't directly involved, were being prescribed in some way as "must be included" issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Marc MacSharry: So, would you agree then that ... would you agree with Mr. Cowen that there was flexibility on the side of the Irish Government as to how, to use my quote from earlier, "the bottom line" was arrived at?