Results 6,401-6,420 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: The latter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: All right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay. Can I bring you, Mr. Beggs, to core document BR1, C2b and it's pages ... it's a finfacts... a finfactsinterview, February 2008: "Irish economy will recover in 2009/2010" and Irish economy will recover in 2009, 2010 and downturn will not derail the economy, paragraph 1. This is ... did you have any authorship in this document, did you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: It's an AIB ... "AIB bank says Irish economy will recover in 2009/2010; house prices need to fall to 2005 level." It's by the finfactsteam, 7 February 2008.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay. You're the author of that document, are you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: But you claim-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay, I'll just deal with the first paragraph of it. It says: AIB says that even if its forecasts prove overly optimistic, the downturn in activity is unlikely to derail the economy completely. The economy will still hold onto virtually all the gains in output, employment and living standards achieved since 1993. These are very impressive gains, with real GDP increasing by 167% and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: How would you reflect on that document now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: All right, okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: I just need to move on to one more slide with regard to this question, Mr. Beggs, and that is the ... in the AIB document titled, The Irish Economy Sharp Adjustment to Continue in 2009, and it's a presentation by yourself to ... I presume it's ... who actually is the presentation to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: And I'll move on to slide two, and in comparison to the earlier document, which I said is dated February 2008, this now is dated January 2009: Sharp downturn in the Irish property market; Global financial impact on subprime crisis; Global economic impact on credit crisis; Spill-over effects of property crash on [the] rest of Irish economy; Crisis in [the] Irish public finances; Rating...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay. And you wouldn't ... there was no indication back in 2007, by your recollection, that this was ... or, what is it, 2008, that this was on the cards?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay, and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Fine. Just ... so just, final question. Your earlier engagement in 2005 with Professor FitzGerald at that time didn't assist you in any of these regards? Or did it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Thank you very much. Deputy Kieran O'Donnell. Deputy, you've 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: ... last night who's No. 1-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Give him a chance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Deputy O'Donnell, I need to allow the witness to respond-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: I'll ask you to ask the question.