Results 2,921-2,940 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Yes. Okay.

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

Ciarán Lynch: And the other thing that Mr. Trichet said, when he was at that date, just to come back to that, he gave an analogy of how much liquidity the ECB were putting into Irish banks at the time and he went on to say, as you know, we could have also continued on our side having gone up to 100% of GDP, to 200% of GDP, and 300% GDP and then he refers to this inquiry carrying out an investigation in...

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

Ciarán Lynch: Okay Mr. Somers, is there anything finally you'd like to add by means of closure?

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

Ciarán Lynch: Thank you very much. With that said, I'd like to thank Dr. Somers for his engagement with the inquiry this afternoon and for your participation, to now to formally excuse you and to propose that the meeting be adjourned until 3:30 p.m. on Tuesday, 14 July. Is that agreed? Agreed. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: As we have a quorum, the Committee of Inquiry into the Banking Crisis is now in public session, and can I advise members and those in the public Gallery to ensure that their mobile devices are switched off? Today's public hearing is a discussion with Mr. Brian Cowen, former Taoiseach and Minister for Finance. And, in commencing this morning's session, I would like to welcome everyone to the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Once again, thank you, Mr. Cowen, for being here this morning. I understand that you requested 45 minutes for your opening statement, so if I can please ask you to commence and to make your opening remarks, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Thank you, Mr. Cowen, for your opening address this morning. Before I invite the lead questioners in, there's just one or two matters I would like to touch upon with you. One relates to an article in this morning's The Irish Timesby Sarah Bardon that relates to the Department of Finance discussing methods of addressing financial difficulties of Anglo Irish Bank on the same day in September...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: That's the e-mail that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Thank you, Mr. Cowen, and I am sure any other matters in this, you can provide for clarification if needs be. Can I just bring up one issue before I invite in Deputy Doherty, Mr. Cowen? That is, when you took over from Mr. Ahern as Taoiseach, did you believe that the fundamentals of the Irish economy were sound and did any discussions take place with Mr. Ahern at that time with regard to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: But other than matters relating to the St. Patrick's Day massacre, as it was referred to, was there any other further discourse or conversation in that transitionary period between yourself and Mr. Ahern with regard to concerns in the wider Irish banking market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, I thank you. Deputy Pearse Doherty?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Final question, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Just the date.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Mr. Cowen, can I just clarify one thing before I bring in Senator O'Keeffe. The timeline of a two-year guarantee, where did that originate from and whose idea was it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Thank you, Mr. Cowen. Senator O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: If you're referring to core documents now, we'll need them to be referenced.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Senator O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Just deal with the document first now, Senator O'Keeffe, Mr. Cowen hasn't seen that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: If he's okay with dealing with it, that's fine. Senator O'Keeffe.