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Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: To secure a Government majority-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: -----or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: I mean, tell me now. If that's not the reason, it's not the reason but-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: -----I'm asking you: was it the reason?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Now that there's a majority for the Government, of course.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Oh no.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Everyone leaves their jerseys at the door, Taoiseach.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Thank you, Chairman. Thank you, Taoiseach.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Thanks very much, Chairman, and welcome Tánaiste and Deputy. Tánaiste, I've no questions for you until the end. So I just have very brief ones at the end for you. So they'll all be for Deputy Rabbitte. Deputy, you have a reputation for calling it like it is, if I might say. And can I ask you to identify-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Indeed. You might have underestimated it, maybe. The ... so as somebody who calls it like it is, could you say to me and just identify which pre-budget or post-budget ... sorry, pre-budget proposals the Labour Party proposed gross reductions in expenditure and net increases in taxation? Or were there any?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Okay. Is the short answer, "None"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: No. I just want to be specific and time is very short and I we don't want to do the Tánaiste on it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Can you tell us was there ever a pre-budget proposal from the Labour Party which all lumped in together, so all the voted and non-voted expenditure and capital-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: -----which ... sorry, I was ... Tánaiste, if I wanted to ask you, I'd have asked you. I'm asking Deputy Rabbitte, who was the leader at the time. Can you say was there any set of proposals when added together which said, "We are looking for gross reductions in expenditure and net increases in taxation."? "Yes" or "No"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Yes, so, that's one issue now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Chairman ... just ... you know where I'm coming from on this.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: It's the overall thing-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: -----as opposed to the individual calamities.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: Apart from the Bertie bowl, could you tell me was it budget '05, '04,'03, '06, where the Labour Party were proposing X net reduction in expenditure and Y net increases in taxation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Marc MacSharry: What year was that? Could you tell us?

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