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Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: -----are all of those sales more beneficial to the Exchequer at this current point in time than it would be to hold on or just sell the minimum amount?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Not in the future. I'm talking about now. If you hold ... if they're held by the Central Bank, there's a rotation in terms of how the money goes back-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: In the long term?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay. Can I ask you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: -----Kevin Cardiff gave evidence here that there was, kind of, a secret group of individuals that were looking at contingency planning in relation to the potential exit from the euro. Can I ask you, were you part of those discussions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: That's fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Can I ask you ... the Chairperson was asking ... the Chairperson was asking a question in relation to ... at the opening of the session, in relation to the ELA ... or the solvency of the State and the provision of ELA and obviously you needed to believe that the banks were solvent and a guarantee provided that satisfaction but the State had to be solvent for you to be able to be ... to ensure...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: But is that not hugely significant, because is it not, and correct me if I'm wrong here, it's not your final call in relation to issuing ELA to the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Because the ECB-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay. There was one last question, because I've got to nine and I would be ashamed just to miss the last one.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: You mentioned in response to, I think it was Deputy Higgins, in relation to the option about how did we fulfil this commitment of breaking the game-changer, you know, the banking and sovereign link.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: And you put forward the promissory note restructuring. You said there were other options put forward. Can you explain to us what those other options were put forward? Was one of those options, for example, looking for the retrospective recapitalisation of the banks through the ESM, which was what was promised at the time, or at least suggested by the Minister for Finance and others?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: What do you mean by it wasn't going anywhere politically? Did it hit a brick wall? Like, did it ... where, when you say it wasn't going anywhere, was a request made or was feelers put out in relation to this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Pearse Doherty: Okay, thank you.

Written Answers — Department of Education and Skills: Third Level Fees (24 Jun 2015)

Pearse Doherty: 224. To ask the Minister for Education and Skills if she will consider removing a qualifying condition that applicants must have lived here for three out of the past five years for returning emigrants who meet the habitual residence condition under social welfare which qualifies them for jobseeker's allowance and back to education, as it is clearly a contradiction of their residency status by...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte, John. Can I ask you, in your opening statement, you agreed that the staffing numbers of economists in the Department was inadequate. You also mentioned that there was, there has been, and continues to be, efforts to address this. You also, and you've given some figures to the Deputies, or the Senators, in relation to that. Could you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Pearse Doherty: Well, the fact that you, yes, your statement that there were an inadequate number of economists. So how did it affect the work of your Department?

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