Results 12,961-12,980 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: And where did that gap of information or knowledge of awareness come from? It would have been ... the general discourse at the time would have been morning, noon and night, every radio show, newspaper had property construction or something very much to the forefront.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Was there any evidence that the Department of Finance, to your knowledge, engaged, researched, carried out, that supported their soft landing theory or was it drawn from external commentaries and a general consensus, or was there a hard book-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: I just need you to ... to clarify that with you. Is it that this was a mirroring and a re-echoing of ... it's like somebody going ... if I was heading to the doctor this morning and somebody says, "You're all right, you don't have to go to the doctor." And I go up to the doctor and I says, "Well, I don't need to be here this morning, because somebody said I'm all right on my way down."...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay. And what detail was that diagnostics carried out at? How detailed and how in-depth?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay. All right. Thank you. Deputy Pearse Doherty.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay, thank you. Senator Marc MacSharry. Senator.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Deputy, you want ... actually on that before I ... you move on from Senator MacSharry's questioning. Just on the SSIA scheme; was there any study before or after its implementation as to its merits, goals, objectives and if or how these were achieved?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Was there something to review, when the SSIA scheme came out first, was it saying, "Here's a big document, this is what this going to achieve, this is what the rationale for it is", and all the rest of it, then four years later, when the scheme expired-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: There wasn't ... was there anything at the start?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Was there any document at the start saying this is what the SSIA is going to do or the SSIA-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Where did it originate if you don't mind me asking you, Mr. McNally? Did it originate from the Department or was it a political orientation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: So this ... the genesis of this came at a political level not at a Department level, yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: And was it the Minister himself or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay, thank you very much. Deputy Eoghan Murphy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Thank you very much. Okay, I'll just deal with one question myself, Mr. McNally, and then we'll move towards the wrap-up and I'll invite both Senator Barrett and Senator D'Arcy back in again. If I could just relate to, and I think Senator MacSharry touched upon this with you just a moment ago, on 24 January 2001, the European Commission concluded that Irish fiscal policy was inconsistent...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: But, was the slowdown at the end of that year what you might call a quarter aberration that you get, you get a couple of weeks or a couple of months in the year but then the Christmas retail market comes along, expenditure, then growth and inflation kick off again, and it's business as usual? So is a one-quarter observation of an economic trend sufficient to say that things have changed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Was that an official view or a political view, that you were being picked on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: Okay, thank you. Senator Michael D'Arcy, five minutes to wrap up, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Ciarán Lynch: I think the question is very pertinent to a time that he would have pressed the proverbial red button. Do you have a view as to when that proverbial red button would have been pressed, Mr. McNally?