Results 9,781-9,800 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: And did you as Taoiseach, in terms of reports, look for the ECB to continue to buy Irish Government bonds at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Did they apply pressure in terms of saying they wouldn't continue to buy Irish Government bonds?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Can I go back ... Did NAMA contribute to Ireland ending up in a bailout programme?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: The perspective I am coming from is, in the time I have is that ... NAMA originally was ... the plan was 30% haircut discount. It ended up, basically, being nearly 60%, nearly €19 billion extra of losses. You had to bring out a new, we'll say, bank plan on 30 September, just literally a month and a half before you applied for the bailout programme. In essence, is it fair comment to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: ----the Irish State to the banking sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But that's a long-term project.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: I'm talking about a short-term project in terms of the level of exposure the Europeans saw in terms of Ireland Inc as a small country to the banking sector.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Two final questions. Firstly, was that not an endemic weakness in terms of the controls and the management of the economy, when you were both Minister for Finance and Taoiseach, that we allowed the banking sector to get exponentially the size it got relative to the Irish economy? And, secondly, Professor Honohan when he was in here, stated that he went on the "Morning Ireland" programme on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: But wasn't there a risk of a run on the Irish banks at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Final question. What controls were in place, in your period as Minister for Finance and Taoiseach, to look at the level of the balance sheets of the Irish banks and the exposure of the balance sheets of the Irish banks, relative to the Irish economy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Thank you, Chairman. Welcome, Ms Herbert. Mr. Cardiff, who was before us recently, in his statement said, and this is core documents, Chairman, from page 50 to 51 of Kevin Cardiff's speech. And he said "At all costs, the terrible demonstration effect of allowing queues of depositors to develop outside branches - a very public 'run' on the banks - was to be avoided." Did the late Minister...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: When was that, Ms Herbert, roughly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: He was the CEO of ... he was the DG of RTE at the time, was he?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: The head of news, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And then, coming up after the guarantee, did Minister Lenihan discuss with you or were you aware subsequent to the decision of the guarantee, who was ... who supported the decision? Had the Minister, Brian Lenihan, been overruled by the Taoiseach, Brian Cowen? What were the respective positions of the then Secretary General of the Department of Finance, Mr. Doyle, and Mr. Cardiff who was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: What was generally, I suppose, what was generally the atmosphere like, Ms Herbert, when you arrived? What was generally, what was the mood of the night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And that was roughly when about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Yes, but it was a.m.?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: What was his general, I suppose, demeanour? What was his general-----