Results 6,541-6,560 of 26,037 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: So really it provides six months of the year where one has an idea of the impact on the deficit for 2014?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: But I am saying-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: It is positive.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: I note the ECOFIN meeting will be briefed by the Commission on the contributions that the banks will be expected to make to the resolution funds. What specific timeframe does the Minister envisage for this? He has spoken on the matter in general terms but I ask him to break the process down into the separate steps that will bring us to the position where the stars collide and we can make...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: When does the Minister anticipate that the ESM fund will come into play in terms of providing funds for the recapitalisation of banks, as distinct from retroactive recapitalisation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: Generally, we are looking at the end of the year. I do not need the technical note, just the date.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: Apart from retroactive recapitalisation, when will the ESM be in a position to provide funds for recapitalisation of banks on a current basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: It is up and running. The application can be made at any stage.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: There is talk of low inflation in the eurozone. What is the Minister's view on that and what are the implications for Ireland? What are his views on possible risks for the Irish economy from a slowdown in the world economy in terms of export driven growth?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: What is the Minister's view on possible deflation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: Perhaps there could be contact with the Governor or a briefing could be provided to the committee about the general overall parameters.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: With regard to the promissory notes, do the historically low interest rates put the Central Bank in a more vulnerable position in its discussions with Frankfurt in the context of releasing bonds and so on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)
Kieran O'Donnell: I thank the Minister and his officials for coming and for staying for extra time. I thank the representatives of the press in the Gallery for staying with us.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: I welcome Professor John McHale, chairperson, Professor Alan Barrett, council member, Mr. Sebastian Barnes, council member, Dr. Róisín O'Sullivan, council member, and Mr. Diarmuid Smith, chief economist, from the Irish Fiscal Advisory Council who are here to discuss the fiscal assessment report for 2014. I understand Dr. Donal O'Donovan is unable to attend and sends his apologies....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: I thank Professor McHale. Is it in order to publish his statement?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Before I proceed to Deputy Michael McGrath I wish to make a few points of clarification. Was the opinion that €2 billion of tax and cuts should take place in the 2015 budget a unanimous decision or a majority decision of the Fiscal Advisory Council?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: That does not mean there were not differing opinions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: How do the other members feel? The forthcoming budget is a huge issue. Would the other members care to comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Very good. We are all into consensus at the moment. The fact is that taxes are just short of €500 million ahead of target at the moment. The ordinary person is under enormous financial pressure. The sum of €2 billion is significant. Did the council not factor into its considerations the fact that the economy is doing well and there is employment growth?