Results 5,401-5,420 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: 2007 was another election year and I think, by your own admission, you were in a bit more trouble then. It's been written by Pat Leahy that Brian Cowen favoured a more prudent approach to budgetary matters than you did in the run-up to that election. He wanted to emphasise caution and restraint and avoid big tax-cutting promises. So did the election of 2007 have an impact on the budgetary...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: I'm asking about the time; in 2007, tax receipts fell €2 billion below expectations and yet for the budget for 2008, you increased current spending by 8% and capital spending by over 10%. Why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Did you get the 2008 budget wrong, then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Do you feel that you ignored the views of the Oireachtas or the concerns of the Oireachtas in devising that budget?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: The Opposition, in the Dáil.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: It's in your evidence book, Vol. 5, page 59, it's a series of questions, parliamentary questions, put to the Minister for Finance at the beginning of 2007 and through for the first six months, asking questions about the tax policies and opinion on growth and revenue, confidence in the mechanisms used to make Exchequer return predictions, the heavy reliance of the Exchequer on revenue from the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Do you accept the findings of the Nyberg report on page 4, where it says "As demonstrated by the previous scoping reports, although clearly affected by external conditions as set out above, the Irish crisis was in all essential aspects home-grown."?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You're not sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Chair. Just to move on then, if I may, Mr. Ahern, to 2007 and you established the domestic standing group. Did you pay any attention to its work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: So were you were aware of the increasing liquidity problem facing the banks from 2007 on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You were aware of that problem?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: And did you do anything about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Were you aware, then, that the Governor of the Central Bank and the Financial Regulator went to each of the banks in March-April 2008, in what was called "the green jersey" agenda - because one Irish bank couldn't borrow from anyone and another Irish bank couldn't get any money from the other Irish banks - to ask the banks to lend to each other? Were you aware of that initiative?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You weren't aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Thank you. And then just moving then past your time as Taoiseach. You gave an interview in the Sunday Independentin November 2014 talking about what skills were needed in 2008 and 2010 and you said "I knew my way around all of these things", and you were referring to the NTMA, the Department of Finance, the ECB, Jean-Claude Trichet, who you knew personally, "I knew my way around all...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: What difference would that have made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: That Mr. Cowen couldn't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Why make that point-----