Results 3,081-3,100 of 7,082 for speaker:John Paul Phelan

Written Answers — Department of Public Expenditure and Reform: Cross-Border Co-operation (7 Jul 2015)

John Paul Phelan: 157. To ask the Minister for Public Expenditure and Reform his plans to ensure that adequate and equivalent funding is available to inland counties not covered by the Ireland-Wales INTERREG programme for the period 2014 to 2020; and if he will make a statement on the matter. [27411/15]

Civil Debt (Procedures) Bill 2015: Second Stage (3 Jul 2015)

John Paul Phelan: I note that Deputy Bernard J. Durkan has a huge script from which he will no doubt make his contribution. I welcome the opportunity to support the Bill. I did not hear much of Deputy Mick Wallace's contribution, but I listened to most of the other speakers in the debate. During my time as a Member of the Oireachtas which has been longer than I care to remember at this juncture the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Thank you, Chairman. Good afternoon, Mr. Cowen. I only have ten minutes, so I'll be as brief as I can and I'd ask you, if you can too, to be brief. Your predecessor as finance Minister, Mr. McCreevy, was here yesterday and, in describing his own period as Finance Minister, he said: "...we were most responsible than any other Government in the history of the State". Briefly, how would you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Do you view your time, though, as successful, as Minister for Finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: In the context of the times.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I want to turn to Vol. 1, page 29, of your own evidence books. It should come up on the screen in front of you. It's evidence given by Professor Honohan on the issue of directors' compliance statements for the commercial banks ... the Financial Regulator made initiatives regarding directors' compliance statements and fit and proper requirements and they were either delayed and mitigated or...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: It's------

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Professor Honohan in his report and in his response on page 29 to a question from me indicated that it was this letter, and I'm going to quote him directly, "The Minister's letter would have been the end of it." Furthermore, he went on to say that that does not mean there was something wrong, per se, with you writing the letter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Okay. In a statement to the inquiry, the former Secretary General of the Department of Finance, John Moran, speaks of an "acute lack of physical capacity at governmental level", and goes on to say, and I quote, "Budgetary spending decisions had been funded in the years leading up to the crisis from what were very fragile revenue sources, built on the quicksand of an economic performance...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: And do you think that that, in hindsight, was a late realisation about the over-dependance on ... on property taxes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I want to turn now to Vol. 2, page 42 of ... a graph that has been seen many times for different witnesses. It concerns the ... the June fiscal framework and the comparison between that and the actual budget outcomes. It's on page 42 of ... of Vol. 2. That's it there. It comes from the Wright report. The June fiscal framework proposals for the upcoming budgets were ... were given...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Now, my next question is completely different so I might-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I want to turn, actually, to ... it's another core ... core document. It's a few of them, actually, Vol. 1, they're all Vol. 1. The evidence of Professor FitzGerald, which has already been referred to, the Nyberg report also. In the run up to the banking crisis there was multiple warnings given by the Central Bank - we've had witnesses from the Central Bank - the OECD, the IMF, the ESRI,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I don't want to interrupt you, but we went from 90,000 to 5,000 or 6,000-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: That's the assessment-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Yes, that's fair enough. Yes ... no, I just want to get some clarification. We've been presented with evidence from those witnesses - Professor FitzGerald was one of them - IMF reports, OECD reports, I just ... bar the budget preparations for the budget of 2008 and the adjustment that you calculated in there, what plans were prepared to deal with the potential, at least, for a hard landing...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: It wasn't likely.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: In hindsight, should ... should-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: -----should those scenarios-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I didn't ask him any of that-----