Results 20,381-20,400 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: In the Governor's comments today, he is advocating that at the end of September 2008, Anglo should have been liquidated. He acknowledges that this is with the benefit of hindsight, because that is not in his original report as a recommendation.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: In such a scenario, what would have happened to the €52 billion-worth of deposits it had on its books at that time?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: It was not there then.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: It is not clear in that scenario under the circumstances of that time-----

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: We cannot be sure what would have happened to the €52 billion of deposits. Given that it was acknowledged that Anglo Irish Bank was about to go under the following day without any intervention and that the bank had a balance sheet of €100 billion at the end of September 2008, does it strike Professor Honohan as odd that at that time a call was not made to the ECB to say there...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: On the issue of senior bonds and deposits being ranked equally in law, pari passuto use the term used earlier, how much of a complicating factor would that have been at the time, if one were trying to separate good banks and bad banks and to separate deposits from bondholders? This issue was put forward during the course of 2009 and 2010 as being a problem.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: I wish to clarify one issue regarding the net cost of the banking crisis in terms of direct State support. Professor Honohan gives a figure of €40 billion for it, which is quite different from what the Government is indicating. The indications are that all of the moneys put into the surviving banks will eventually be recouped, which would leave a bill of between €30 billion...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: It is about assumptions.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Michael McGrath: Professor Honohan's report paints a picture of the time. On page 119, Professor Honohan lists the dividends that were paid by the main banks in the first nine months of 2008, amounting to €1.25 billion. It includes dividends of €270 million on 26 September 2008. Four days before the guarantee was put in place they were paying out €270 million. Does Professor Honohan...

Written Answers — Department of Social Protection: European Court of Human Rights Rulings (14 Jan 2015)

Michael McGrath: 24. To ask the Minister for Social Protection if the decision of the European Court of Justice in April 2013 has a wider implication beyond the case of the former Waterford Crystal workers; if the application of the finding relates to other pension schemes here; if he will provide a list of such schemes; the period over which such schemes may be affected by the ruling; if he will provide...

Written Answers — Department of Social Protection: Social Insurance (14 Jan 2015)

Michael McGrath: 112. To ask the Minister for Social Protection if she will provide in tabular form details of all loans received by the Social Insurance Fund in each year from 2011 to 2014; and if she will make a statement on the matter. [1738/15]

Written Answers — Department of Finance: (14 Jan 2015)

Michael McGrath: 142. To ask the Minister for Finance further to Parliamentary Question No. 230 of 16 December 2014 if he will address the issue of the gains made by the European Central Bank on the holdings of Irish Government bonds; his views on if a case exists for the profit on these holdings to be re-paid to the Irish State on maturity; and if he will make a statement on the matter. [49633/14]

Written Answers — Department of Finance: Mortgage Interest Relief Application (14 Jan 2015)

Michael McGrath: 158. To ask the Minister for Finance the reason the mortgage interest relief TRS has been reduced in respect of a person (details supplied) in Dublin 15; and if he will make a statement on the matter. [1481/15]

Written Answers — Department of Finance: Exchequer Returns (14 Jan 2015)

Michael McGrath: 173. To ask the Minister for Finance if he will provide a breakdown by company of the €475 million in dividends received from the State companies in 2014; and if he will make a statement on the matter. [1732/15]

Written Answers — Department of Finance: Exchequer Returns (14 Jan 2015)

Michael McGrath: 174. To ask the Minister for Finance if he will provide a breakdown by property of the €407 million received from the sale of State properties in 2014; and if he will make a statement on the matter. [1733/15]

Written Answers — Department of Finance: Property Tax Yield (14 Jan 2015)

Michael McGrath: 175. To ask the Minister for Finance the reason local property tax receipts were 10.8% below target in 2014; and if he will make a statement on the matter. [1735/15]

Written Answers — Department of Finance: Tax Yield (14 Jan 2015)

Michael McGrath: 176. To ask the Minister for Finance the total amount of taxation raised from motorists in 2013 and 2014 from mineral oil tax, VRT, VAT, carbon tax and driver licensing receipts; and if he will make a statement on the matter. [1736/15]

Written Answers — Department of Finance: Tax Yield (14 Jan 2015)

Michael McGrath: 177. To ask the Minister for Finance the excise per litre charged on different categories of petrol, auto-diesel, kerosene, residual fuel oil for the manufacture of alumina, residual fuel oil for generation of electricity and for other purposes; and the revenue generated from each category. [1737/15]

Written Answers — Department of Finance: Tax Code (14 Jan 2015)

Michael McGrath: 178. To ask the Minister for Finance the cost to the State of reducing excise duty on petrol and diesel by 10% in each case; the impact per litre, including VAT, this would have on the retail selling price ceteris paribus; and if he will make a statement on the matter. [1742/15]

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Agreements (14 Jan 2015)

Michael McGrath: 226. To ask the Minister for Jobs, Enterprise and Innovation the position regarding the proposed Transatlantic Trade and Investment Partnership; and if he will make a statement on the matter. [49526/14]