Results 10,141-10,160 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: For both.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Specifically, I suppose the question really specifically, Taoiseach, is around growth in the loan portfolios of the banks specifically, is the kernel of the question. Specific.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: And Minister Bruton?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Where was this made?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Was it in the form of a press release from you? Was it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: That would have been '07, prior to '07.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Did you challenge it enough from 2002 onwards?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Can I feed that into the manifesto 2007 and, Chairman, it’s Vol. 2, page 73 to 78 for the witnesses, and specifically really what I want to ask is: do you both believe that looking at the assumptions underpinning the budget, that your due diligence on the rate of growth around the assumptions was robust enough? You referenced the ESRI and Department of Finance but feeding into account...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: But, but Mr. Bruton, looking at page 78 of your budget manifesto, current spending was running ahead of, of growth over the years proposed. Can you explain why that was the case? Against the background of construction taxes, did you have concerns that construction taxes would fall?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: What did you project nominal growth at at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Then a final, final question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: You realise Mr. Bruton, I have, I have limited time-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: -----and the Taoiseach, I want to bring in as well. Did ye build contingencies into the budget in terms of fall in taxes from the construction sector?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: At what level?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: So, was ... ye were looking at a reduction in current spending over the period?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Spending on a growth, spending on a growth rate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Okay. Can I ... in your witness statement, Taoiseach, on page 6, you make reference to the excessively close relationship between the Central Bank and the Department of Finance at the time, and between the Financial Regulator and the institutions it was charged with regulating. My colleague, Joe Higgins, referred to it, affectionately as “Siamese twins”. And can you clarify...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: And Taoiseach how was ... in the limited time I have, how is the situation different now? Like, you speak about the situation then. How is it different now? How is it improved?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Kieran O'Donnell: Thank you.