Results 9,921-9,940 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Mr. McCarthy. On 30 April this year in Kilmainham, Jean-Claude Trichet, the former ECB President, said that Ireland had "total expenditure on compensation of employees in the public sector grew by close to 200% between 1998 and 2008 [ten-year period] compared to the [EU] area figure average of ... 45%" over that period. The social partnership agreements, including benchmarking, played a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Correct. No, no, it's a basic analysis by the IMF-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: -----on the social partnership.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: And did the fact that we went from an economy that was very export-driven to an economy in the ... from around 2003 onwards, which was heavily dependent on property, did it bring about a situation where it gave rise to rapid inflation, consequently had an impact in terms of the wage structure which fed into benchmarking?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: XXXX02100 type: 1 --> In hindsight, should that have formed a basis because, obviously, with rampant inflation, it gave rise to the cost of living going up for people so wages had to rise. But in hindsight, if you had it back again would you have done it differently?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Can I look to move to just a couple of quick points to clarify the night of the guarantee? Did the banks bring in their own guarantee? Mr. Cardiff was before us ... when he was effectively doing up the ... drafting the press statement for the ... he basically-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: The general thing was ... did the banks bring in a guarantee ... their own guarantee on the night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: In writing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Okay, did you get sight of that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Was that copied and circulated to other people at the meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Sorry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Which institution actually brought that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Would ... you spoke earlier about ... would they be ... where would those documents ... where would that document now be? Department of Finance or the Department of the Taoiseach? Have you seen it in recent times?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Where would it be?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Can I, in the limited time ... what was in that document that was provided by the banks, in your view?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: What was the definition ... what did it include?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: What do you think it was?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: So senior bonds to be included-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: And was it a two-year guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Kieran O'Donnell: Okay. When the banks left and the draft you spoke about ... the draft going over and back, were the banks present in the room when that ... when it was being revised?