Results 2,401-2,420 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Deputy, I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Sorry, excuse ... just Mr. Ahern, just give me a moment. Senator, I would ask you not to be leading in your questions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Put the question please ... remove any value from it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Mr. Ahern, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Final question now, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Could you ask a final question now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Sorry, I'm going to have to go on now, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: No, you're to conclude your question now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Okay. Thank you. I now invite Deputy Joe Higgins. Deputy Higgins, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: That's a leading question now, Deputy - close relationship. Establish the relationship and then make the question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you very much. Deputy Kieran O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: We will have to allow time, Mr. Ahern. Plenty of time for you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: I think you need to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Sorry, now, Deputy-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: And can I just round off one aspect of that and I propose we just take a five minute comfort break then after which. Just one matter I just want to deal with in general with regards to Mr. Cowen's testimony and then just an item that comes back to your earlier comment there, Mr. Ahern. In a statement to the banking inquiry, Brian Cowen discussed the announcement of the restructuring of tax...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: One of the monetary outcomes during that period was the cyclical taxes and how they rose and the graph that I have up there is actually from the Honohan report. And what you will see there is how cyclical taxes, by the late 1990s, were in around 15% or so, or just maybe a little bit above it. And by 2006 had rose to 30%. They had doubled in that period of time. So that would be the total...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Okay. So even in regards to your earlier comments that there was a banking crisis coming down the tracks, was there not also a fiscal crisis coming down the tracks? Because these were what might in layperson's terms be called consumption taxes, and as soon as the economy slowed down consumption would stop, and cyclical taxes would stop with it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: And that brings me back to the ... one of the earlier questions I asked you when we commenced this session today, when I demonstrated a table which showed an increase in public service allocations between 2000 and 2008 at a 141% in total increase in expenditure, which was precisely double the growth of GDP over the same period. So we had that expenditure running ahead of GDP, we had this...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: But I am putting out questions.