Results 13,601-13,620 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I'll give you a moment there Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: We need to move on and ask supplementary.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you. I'm going to move to wrapping things up, Ms Herbert. Ms Herbert, are you familiar with the term "spin doctor" and if you are, maybe you could explain how you understand it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, the ... we ... in answer to questions by Deputy Doherty there earlier, you were saying that you would have been involved in Ministers' press releases, Ministers' statements, addresses to the Dáil. Were you part of that speech by Minister Lenihan that spoke about the "green shoots of recovery"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: When was that wrote?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Yes. When was it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: When he first used it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: On reflection-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: -----on reflection, was that an accurate depiction of what was coming down the line?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. As I said earlier to you I don't expect you, and I don't think the committee is expecting you, to be an expert on finance but you would have been privy to discussions and you would have formed the presentation of a lot of matters that the Minister would have presented to the public. From your own observations of discussions and your own involvement with the Minister, were you aware of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Were you aware of any discussion or any communications taking place between the Minister and other members of Government or anybody else about concerns with regard how the banking guarantee was actually structured, how it was designed, how about its period of duration - it was set up for two years - and did that ... and it having any bearing on the Irish State entering a bailout programme two...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. Mr. Cardiff, in his witness statement, commented to this inquiry - I think he commented on the Jean-Claude Trichet letter of 19 November 2010, to the late Minister for Finance - and in many ways he, Mr. Cardiff ... Mr. Cardiff's commentary, in many ways "the letter was entirely superfluous since it was already clear by the time of the letter that the Government was going to opt into a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. So, in terms of being bounced into a programme or being hurried into a programme, in terms of maybe more accurate English instead of spin English, were we bounced into a programme or was it inevitable, and that it maybe hurried it up? Because "bounce" might give the impression that we were in some place completely different and you then end up somewhere else. So were we bounced or...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: In Kevin Cardiff's statement - it's coming up on the screen there - there seems to be a commentary from Olli Rehn is ... It's just come up there now in a moment, from Olli Rehn that maybe a bailout programme could be avoided, and then Mr. Buti is more or less taking a certainty position that a bailout programme is going to happen. I just, it says ... it's half way down the page there - this...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. On the issue of a soft landing, did you use that vocabulary in some of the speeches or addresses or press releases?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. Did you ever see a document coming from the Department of Finance that was their document supporting a soft-landing theory?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: But by ... there was no document provided to you to say, "Ms Herbert, you need to communicate positions that the Department of Finance have, these are evidential-based positions, we have the supporting evidence that says that there is a soft landing outside there, in a communication to it, this would be the reference point that we would give to editors", and so forth?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Nothing of that regard. Okay. Finally, Ms Herbert, you refer to Mr. Lenihan's statement that a precautionary bailout involving intensive scrutiny would be his preference, probably giving the Government a greater discretion on fiscal adjustment targets, etc. Did that lighter-touch option feature in any exchanges with the Taoiseach or Ministers that you know of?