Results 4,281-4,300 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Could you not leave it sure to ... to go the way you did? Could you not have waited longer?

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

Ciarán Lynch: Would you consider it premature on reflection now?

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

Ciarán Lynch: But given that you would be looking at budgets on an annualised basis, you'd be operating data off an annualised basis, that two or three months of data to then engage in such a significant decision with just three months' data, would that not ... would that be common practice that a decision of that scale would be made on very limited data confined to two or three months? I mean, we know...

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

Ciarán Lynch: Now, can you wrap up.

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

Ciarán Lynch: Thank you very much, Deputy. I'm going to move towards a wrap-up. I'll just deal with a couple of questions and then I'm going to conclude with the two lead questioners. I just want to revisit one question that was ... I think Deputy O'Donnell engaged with you this morning ... I just need a bit of clarity on it ... it's during your tenure as Secretary General as to what was the role of the...

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

Ciarán Lynch: Was the term "soft landing" forged during your tenure?

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

Ciarán Lynch: And the other reports, they were, kind of, maybe using similar language but not maybe the exact ... exact terminology. So, if I could ask you in that regard, Mr. Considine, what attempts were being made to qualify ... quantify the effects of a soft landing and what impact this would have on Government finances - for example, in terms of loss of revenue and increased expenditure - what advice...

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

Ciarán Lynch: Was that on the Department of Finance's behalf or was that something that the ESRI took on board to do themselves?

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

Ciarán Lynch: It wasn't something that you commissioned or asked them to do, no?

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

Ciarán Lynch: But the Department of Finance, did it carry out any modelling itself on the soft landing?

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

Ciarán Lynch: And what was the concrete evidence or the pinning, the conclusions that you were drawing there?

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

Ciarán Lynch: Okay, but that's ... if I could maybe say ... use the statement, all things being equal ... but the Irish economy had very particular difficulties with it at the time. As has been stated earlier, 24% of the economy tied up in construction ... as members have identified a whole series of issues this morning - highest debt, indebtedness in Europe, most ... evidence, I think, I presented myself...

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

Ciarán Lynch: But .. okay, sorry, go on conclude now.

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

Ciarán Lynch: And this brings me to my final question, Mr. Considine. The ... what ... what we do know is that there were a lot of external reports by the IMF, the OECD and all the rest. These are all reports about you, about us. These are external reports talking about the state of our house. You're using the language and the vocabulary of a sort landing ... a soft landing and you're referencing the...

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

Ciarán Lynch: Yes, but I don't want to get into the situation now that we have the IMF report, the OECD report, the others. Did the Department of Finance, under your watch, carry out any examination in preparation to get a concrete evidential book of material to say this is the evidence we're going to base our soft landing on. This is our information, it's not external examinations by the OECD, the IMF...

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

Ciarán Lynch: Okay, thank you. Deputy Higgins.

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

Ciarán Lynch: We're coming up to lunch, Deputy, and I don't want to be getting indigestion so don't be too prejudgmental but ask the question please.

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

Ciarán Lynch: Yes, I ... I'll give you a bit of extra time if you don't give me indigestion.

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

Ciarán Lynch: Last question now, Deputy, and don't be leading, just ask the question.

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

Ciarán Lynch: Okay, Deputy Higgins, I'll have to ask you to put the question, not to present evidence. So if you can maybe put a proposition-----