Results 8,021-8,040 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: To move on, Professor McDonough has spoken somewhat positively about the notion of political integration and political unity but what I am hearing from him on all of the other economic pillars and on the monetary union is negative. Is he in favour of free trade within the European Union and the free movement of people and, for example, of capital pillars of the European projects?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: They are not very clear answers. I am getting an analysis but not any answers.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: It is kind of on the one hand and on the other hand. Is Professor McDonough in favour of the euro?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Is there an economy somewhere on the globe that the professor would hold out as the role model?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Is Professor McDonough prepared to name a country that comes closest to his ideology in terms of an economic model?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Is there any?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: On the issue of the nexus of the four institutions to which the professor referred - Senator D'Arcy took him through a number of those - could better regulation domestically by the Irish Central Bank and the Irish Financial Regulator have been an effective counterweight to the nexus of those four institutions? Could proper and effective regulation in his view have offset what he might regard...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Professor McDonough identified a point in our economic history and political history, 1987, as somewhat of a turning point, in his view, when these types of policies began to be pursued. Is he, therefore, of the opinion that what went immediately prior to that was better and more sustainable from an economic point of view?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: As for one to be holding out 1987 as a negative turning point, many commentators would argue it was a positive turning point in dealing with the crisis we had, would Professor McDonough give us his view?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: One of the four institutions, the primary drivers of the economic model, Professor McDonough cites is what he terms "the repression of labour", which, he states, "involves the erosion of the power of labour to defend its organizations, its working conditions and its standard of living". I am curious as to how he can reconcile that with his criticism of the social partnership agreements,...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: In page 9 of his opening remarks, Professor McDonough states: Instead of a port in the storm, the backwash from the Eurocliff intensified the maelstrom. On the 29th of September, 2008, in the dead of night, Ireland desperately tried to signal for help, but the canon broke loose and holed the ship of state below the waterline. Can he elaborate on what he means by "Ireland desperately tried...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Was Professor McDonough referring to any efforts on the part of the Government or the authorities to reach out internationally in those critical 24 hours or whatever?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Michael McGrath: Okay. I will leave it at that.

Leaders' Questions (3 Mar 2015)

Michael McGrath: Insolvency judges. The Taoiseach is misleading the House.

Leaders' Questions (3 Mar 2015)

Michael McGrath: That is nonsense.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: I move: "That the Bill be now read a Second Time."

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: That is correct. On behalf of Fianna Fáil, I am delighted to move this important legislation, the Family Home Mortgage Settlement Arrangement Bill 2014, which was formally introduced in December. I am glad we have procured some Private Members' time to have a proper debate on it. This Bill is all about the family home. For many families, their homes are under serious attack....

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: I welcome the opportunity to move Second Stage of this Bill on behalf of Fianna Fáil. We do so at a time when the scale of the mortgage arrears crisis for home owners is unprecedented. The essence of the Bill is to remove the veto that banks possess over restructuring arrangements under the Insolvency Service where a family home mortgage is involved. It is our belief that, unless...

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: As I highlighted to the House on 4 November last, the numbers involved are simply frightening. By way of example, in the first six months of 2013, there were only 44 ejectment civil bills in Cork Circuit Court. In the second half of 2013, however, there were 246 and this figure increased to 335 for the first six months of 2014. In Cork alone, at least 100 cases per week are being brought...

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: People are being forced into bankruptcy. Is the Government's solution for people in mortgage arrears to end in bankruptcy? That is the coded message it is sending. The banks know they have the option of bankruptcy with a three year discharge period with another few years of debt hanging over people's heads. People in mortgage arrears should not have to become bankrupt to have their...