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

Ciarán Lynch: I may just need you to re-reference it again.

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

Ciarán Lynch: And what is it?

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

Ciarán Lynch: I know that but what's the document in regard to? Are we talking about financial-----

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

Ciarán Lynch: Okay, thank you.

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: It's in a book.

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

Ciarán Lynch: You need to get to a question now, Senator.

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

Ciarán Lynch: Okay, keep going.

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

Ciarán Lynch: Okay, thank you very much, Senator. I'm just going to move to wrapping things up. Mr. Cowen, I just want to come to ... I just have one particular question there. If I can, it's ... I just want to direct you to a document ... it's actually an engagement that you had with the finance committee back in 2007 - it'll be a public document, I just want to familiarise you with...

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

Ciarán Lynch: There is phone interference there and I don't think it's from myself.

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

Ciarán Lynch: All right, thanks. If I could just come down to the ... I'd say it's somebody calling you for your dinner, just like myself Mr. Cowen. But the very, very last section of that paragraph it says: "In this regard, the Council opinion includes an invitation to Ireland, in common with a number of similarly [based] member states, to avoid pro-cyclical policies in the coming years." So this is...

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

Ciarán Lynch: You would just say that this is a matter of a difference of opinion, regardless of what might be on the spreadsheets or anything else like that?

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

Ciarán Lynch: Mr. Cowen, I was very conscious of your comments - and this being my last question to you - very conscious of your comments this morning where you were very aware of decisions that may be required as to how they would impact employment levels and your ambition for full employment in the country, about how adjustments would impact upon people in their day-to-day lives and you gave a very...

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

Ciarán Lynch: Thank you. I'm just going to bring Deputy McGrath and Deputy Phelan in to close matters and any final comments you wish to add yourself, Mr. Cowen. Deputy McGrath.

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

Ciarán Lynch: Deputy Phelan.

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

Ciarán Lynch: Thank you very much, Mr. Cowen. Thank you, Deputy Phelan. I'm now going to bring the matter to a close. I know you're back here with us next week, Mr. Cowen. If there's something you'd like to add now, I'll accommodate it, or if you wish to just recommence next Wednesday, that's okay with me too.

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

Ciarán Lynch: I'm glad you said that. Okay. So, with that said I'd like to thank Mr. Cowen for his participation here today, and for his engagement with the inquiry. The witness is now excused until Wednesday, 18 July when we will recommence our engagement with Mr. Cowen. So, I now propose the meeting is adjourned until 3.30 p.m. on Tuesday, 7 July 2015. Is that agreed? Agreed.

Written Answers — Department of Finance: Pensions Levy (1 Jul 2015)

Ciarán Lynch: 70. To ask the Minister for Finance if it is intended that the effects of the emergency pension levy on private pensions (details supplied) will be reversed; and if he will make a statement on the matter. [26488/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 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 ask members and those in the public Gallery to ensure that their mobile devices are switched off? We begin today's session 1 of public hearings with Ms Ann Nolan, second secretary general of the Department of Finance. In doing so, we'd like to welcome everyone to the public hearing of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Before I hear from the witness, I wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you are directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

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