Results 4,261-4,280 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Okay, but I'm asking you was there any worst-case scenarios or contingency plans developed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: I'm not discussing evaluations, now, of a tax measure, Mr. Considine, or I'm not saying that this, kind of, tax measure needs to be filtered in or filtered out or developed or lessened, I'm asking you, in regard to the way that the Department is actually looking at the unsustainability of property-related taxes - and given that 24% of the Irish economy was in the construction sector, given...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: One question just before I bring in Senator D'Arcy. When the bailout programme was entered and taking the banking collapse out of that period, there was a structural deficit of approximately €30 billion regardless of bank debt - approximately €30 billion. When were the seeds of that deficit sown?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Okay, so you would say that the seeds of that structural deficit was sown during that period, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: And with other testimony ... and I'll bring Deputy D'Arcy ... or Senator D'Arcy in a moment. The ... a continuous theme coming up in some of the testimony today is that the crisis isn't happening when the crisis ... when the house is on fire, the crisis is happening when there is something else happening earlier in the timeline. And you're indicating that the timeline in and around 2003...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Houses-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: But the consumption taxes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Senator D'Arcy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: -----the time there again.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Does an indebtedness level at some stage move beyond a regulatory problem and become a matter of stability, and therefore not become an issue, for your role in the Central Bank, and your role in the Department of Finance? Back to yourself, Senator, but if you can answer that first.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: I'll bring you back in there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: The question is made. Mr. Considine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Final question, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: I might return to this in the wrap-up and give you some time to think about it. The Keane report and all the other reports actually showed that the critical matter of dealing with debt is affordability; it is not necessarily unemployment. If a household income is reduced, not even made unemployed, there are affordability difficulties that arise and I may touch on that point again with you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: All right, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Thank you very much. Okay, Senator Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Okay, thank you very much. Deputy Pearse Doherty. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Just, now, with the timeframe now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Ciarán Lynch: Okay. Now, when was this this, Deputy?