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Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: 25 October, an Irish delegation goes to Brussels.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: He says he goes in ... they attend the first part of the meeting with the Commission and it maintains "for a brief moment the fiction that the ECB was present to deal mostly with banking matters". So, just commenting on that idea of this fiction, that they were only there to deal with banking matters, the role of the ECB played, were you kept informed of the role that they were taking in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: Mr. Cardiff writes about that being a fiction, that they're somewhat at a distance, that while they haven't signed an agreement, they're there at the negotiations. They are playing a part in those-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: Had they that authority though? Do the ECB officials have the authority to be in the room, getting involved in those, kind of, detailed discussions that are outside the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: Okay. Coming then to the end of the negotiations, and you have written in that same chapter in the Lenihan book: It was on Friday, 26 November that the Troika staff told Brian in categorical terms that burning the bondholders would mean no programme and, accordingly, could not be countenanced. For whatever reason, they waited until after this showdown to inform me of this decision, which...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: The ECB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: Sorry, you'd be on the Irish side of the table-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: -----all the time? That's ... and that's clear to you in your role and that's the role-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: -----you had taken at the negotiations. Okay. Talking about the interest rate that was agreed because Mr. Cardiff says there was a little less solidarity in the interest rate from the ECB and you said that we didn't like the interest rate on the table in the negotiations.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: This issue of less solidarity, I mean what-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: My final question then is, in relation to the ... moving to January, February, March 2011, and there was a view in the Department of Finance at the beginning of 2011 that burden-sharing might then be acceptable. There was a view that perhaps the view of Mr. Trichet, in the ECB, had shifted. Were you aware of that at the time? Did you sense that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: -----and what ... where did it come from?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: So did you give that sense to the Department, that burden-sharing might be acceptable then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: And just to clarify a point, you said all of the G7 were against burden-sharing, but weren't the UK in favour of it on that teleconference call?

White Paper on Defence: Statements (30 Jun 2015)

Eoghan Murphy: I commend the Minister on the very welcome publication of the paper. I also welcome the fact that he is consulting the Dáil before bringing his proposals to the Cabinet. I wish to raise two aspects of the paper, namely, funding and the triple lock. Recently, a Member of the House put forward a neutrality Bill which we debated here. During the debate, a Member welcomed the fact that...

Written Answers — Department of Jobs, Enterprise and Innovation: Intellectual Property Management (30 Jun 2015)

Eoghan Murphy: 295. To ask the Minister for Jobs, Enterprise and Innovation if he is satisfied as to the protection of intellectual property patent and copyright law (details supplied). [26088/15]

Written Answers — Department of Justice and Equality: Language Schools Closures (30 Jun 2015)

Eoghan Murphy: 372. To ask the Minister for Justice and Equality the financial supports, or otherwise, to be provided to foreign language students enrolled in English language colleges which abruptly closed; and the position for students who have completed or part-completed their 24-week study requirement but cannot get their documentation signed for immigration as the schools have closed down. [26087/15]

Written Answers — Department of Foreign Affairs and Trade: Nuclear Proliferation (30 Jun 2015)

Eoghan Murphy: 497. To ask the Minister for Foreign Affairs and Trade his views that the failure of the 2015 Non-Proliferation Treaty review conference to agree an outcome document increases the urgency for the negotiation of a new legal framework to ban and eliminate nuclear weapons, in keeping with the spirit of Article VI of the Non-Proliferation Treaty; and if Ireland will take a leading role in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Eoghan Murphy: Thank you, Chairman. Thank you, Mr. McNally, you're very welcome. Earlier today, you spoke about challenging the Minister on different areas of policy or different proposals that were being put forward because you disagreed with them. Is that correct? You would disagree with the idea or policy that was being proposed so you would-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Eoghan Murphy: But would you come down on a certain ... would you favour a certain advice? I mean, for example you talked about the SSIA and you talked about the holiday resort tax reliefs and you not being in favour of them. So would the Department present ... analyse the proposal and come back and say, you know, "We think X and Y but we're in favour of X"?

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