Results 2,901-2,920 of 6,295 for speaker:Michael D'Arcy
- Seanad: Budget 2016: Statements (13 Oct 2015)
Michael D'Arcy: I expected the Senator to get at least a minute out of it.
- Seanad: Order of Business (8 Oct 2015)
Michael D'Arcy: I have raised the issue of domestic violence on a number of occasions in the past and I call for a specific debate on it. I hope we can have open and clear debate to allow us to discuss the matter. I know it is a very displeasing and unpleasant topic, but that is why we are here and why we should take the opportunity to discuss this matter. A few months ago a young woman brought the topic...
- Seanad: Pre-Budget Outlook: Statements (30 Sep 2015)
Michael D'Arcy: I thank those in the Fine Gael group who covered my absence during the recent banking inquiry. I also offer my heartiest thanks to Jimmy Harte for his work here. I have not had an opportunity to do that and I wish him and his family well in his retirement. The entry point for USC was €4,000, but we brought that up to €12,000, which is a big increase. Practically everybody...
- Seanad: Pre-Budget Outlook: Statements (30 Sep 2015)
Michael D'Arcy: About a year.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: You're very welcome. Thank you for coming. You said that the IMF were a junior partner. Who was the most senior partner of the troika?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: One wasn't more senior than the other.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: Okay. Page 17 of your opening statement, "Pace of bank deleveraging versus disposal cost", Mr. Chopra. You state that: A central issue was almost €160 billion of ECB financing, of which more than a third was [ELA]. That size of funding simply could not be obtained by asset sales or credit enhancements using program resource. Could you address the issue of the deleveraging ... the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: This happened during the timeline of the inquiry, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: Okay. Mr. Chopra, in Kevin Cardiff's evidence, he said he ... the Irish people, that you lauded great praise upon, who negotiated with yourselves felt that the plan would not work and he also said that IMF staff felt the plan also would not work. Did you feel it would work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: At the time, did you think the plan would work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: The Government paid off the IMF loans early because of the cost of the funds. Why did the troika not adjust the fiscal targets in line with the gains arising from the loan adjustments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: And finally, Mr. Chopra, can I ask you was the Irish banking crisis home-grown or was it a ... as a result of international factors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: Minister Noonan you’re welcome.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: Mr. Noonan, Kevin Cardiff in evidence said that the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: Kevin Cardiff, in evidence, said that the Irish officials and the officials from the IMF didn’t believe that the programme would work. You became Minister for Finance within a short period and you started to attempt to implement changes in the programme. Did you believe the programme that you inherited could work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Michael D'Arcy: The adjustments, the reduction in the interest rate €4.4 billion, the extending of the maturities and then the change to promissory note ... can I ask: do you believe that with your co-operation – and I use the word "co-operation" – with Mr. Trichet in relation to the non-burning of the €3.7 billion Anglo senior bondholders ... do you think that some of those...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Mr. Ahearne, you're welcome.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Can I just slip back into the NAMA mode following Deputy Doherty? The amount of moneys that were transferred across was €74 billion. That was the full amount. The discounted amount was ... moneys paid ... was €32 billion. A discount of €42 billion was the quantum in its ... in actual figures. How much of the €42 billion would the State get back that was discounted?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: A billion of the 42.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Michael D'Arcy: Would it be fair, then, to say, according to the NAMA numbers, that there'll be a loss of €41 billion in the entire figure, on the 74?