Results 5,221-5,240 of 5,388 for speaker:John Deasy

Written Answers — Department of Housing, Planning, and Local Government: Local Electoral Area Boundary Committee Report (2 May 2018)

John Deasy: 196. To ask the Minister for Housing, Planning, and Local Government when he will receive and publish the report and recommendations of the committee established to review local electoral areas. [19152/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Professor Lane and his colleagues are welcome. I was not going to ask about the housing market, but I feel as if I must based on what he has said. I do not think his analysis that the market may decline or lose ground in two or three years' time is earth shattering. It will be reported as being quite a statement, but my view is that it is in no way earth shattering. He has given the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: I understand that. The Governor understands the question and he has answered it. It is incredibly important that, if he makes a statement similar to the one he has made today, he assures people that he has thought about what has happened in the past and what needs to occur within his organisation to prevent the same kind of catastrophe for individuals occurring again.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: The Governor has given us some confidence that he is actively working on that, but I did ask whether there were other measures which he needs to implement in terms of policy that are not currently implemented.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: That would seem pretty obvious from what Professor Lane has said. Why has it not been implemented?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: It is a lot different from how it was ten years ago. Maybe I am exaggerating but I do think so. Professor Lane's answers give me confidence with regard to what the Central Bank is doing. It is his belief that there is a reasonable chance of a downward correction. Ten years ago, if the Governor of the Central Bank came in here and made that prediction, he would have risked being fired. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: That was why I asked that question and this is fair enough. I wish to ask about the part of Professor Lane's opening statement that dealt with the macro-economic outlook. He touched on the issue of broader participation in the labour market but did not elaborate on it. What policy measures, in his view, need to be taken to allow for broader participation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: These questions are asked all the time around here. For the Governor of the Central Bank to raise them is interesting. Is the Professor saying they are not being developed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Professor Lane sees the unemployment rate dipping. He mentioned America. Is he saying that he sees the areas he just mentioned as being increasingly critical and in need of attention?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: As an organisation, what kind of nexus, discussions or communications does the Central Bank have with Government in that regard?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: I get that but considering Professor Lane's role, for him to raise these issues - I know that Government as a whole deals with these issues - what he is saying effectively is that this needs to be taken more seriously as it affects the economy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: The macro-economic outlook given in Professor Lane's opening statement is about whether the glass is half empty or half full. It is half full as far as I can see. For Professor Lane to use the phrase "buoyant domestic activity in a strong international economy", considering where we were not too long ago, is very positive. However, he tempers it. There is a balance with regard to what he...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: The OECD, etc.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: That is fine. What exactly is Professor Lane saying?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: What should we do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Okay. This is my last question. Is there not a slight contradiction in what Professor Lane said about us joining and militating with groups like the OECD with regard to reform and at the same time ending up with a result that would not benefit us and be negative towards our economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: Surely Professor Lane's job, to a certain extent, is to quantify how much we could lose. If he sees this going in one direction, he should quantify effectively what we will lose in tax revenue and project it over ten years, and if he sees a point where it is extremely damaging for our overall tax revenue and what we are taking in surely he has to say, hang on a second, this is a massive...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

John Deasy: I thank the Governor.