Results 9,541-9,560 of 34,832 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I have several straightforward questions to put to the delegates. For the purposes of getting as clear a picture as possible, I will put myself in the place of Seán or Siobhán Citizen who might be watching these proceedings. My first question relates to the figure of €1.1 trillion. What percentage of additional currency would that have put into the system? What was the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is Dr. Kinsella joking?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: The ECB balance sheet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Has anyone an idea? Why do something when one has no idea of the impact? Have we any idea?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: There is no total on the bottom of that column.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is the paid-up capital €7.6 trillion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: So €10 trillion would be-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Dr. Gurdgiev is saying if that 70% paid up capital by the banks-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Quantitative easing could help Russia as much as it could help-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I have another question. Other than for legal reasons, would it be a good or a bad idea for the European Central Bank to be a market-maker as it only operates in the secondary market? It could have more direct influence if it were a market-maker.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I know that is the law but would it be a good idea or a bad idea?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Grand. I have that. My next question is why is this 2% plus inflation in the medium term such a sacred cow? Who said 2%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Dr. Kinsella will say it is improvement in services and quality of life but that is what the Governor of the Central Bank told us last week.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Who says so?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is it in a European treaty or a central bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is it not in the treaty?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Is it the ECB rule?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: Can I ask a different question? Two, one, zero and minus one are numbers. I am asking a completely different question. If one wants to get real money moving in the economy to stimulate economic activity, if the ECB set a negative interest rate of minus one percent, people who lodged €100 would be told that if it is left on deposit, it will only be worth €99 this time next...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I will put the question again. If the European Central Bank said it was setting the interest rate at minus one percent, a person depositing €100 today would get €99 in one year's time. This would provide a tremendous incentive to move money from sitting in bank accounts or government bonds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Seán Fleming: I was asked to repeat the question.