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Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Ciarán Lynch: In view of the severity of the banking crisis in Ireland and the hard lessons learned by the country, what does Professor Ahearne believe are the main lessons for improving economic surveillance and policy-making by Irish authorities in the coming years? Given that this inquiry is as much about looking to the future as it is about looking back to the past, does he have any thoughts that he...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Ciarán Lynch: Professor Ahearne would have confidence in the surveillance mechanisms used by those external international agencies.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Ciarán Lynch: Much of the testimony of people, like Professor Ahearne, who have examined booms and bust cycles has been that the difference with the next boom is that there will be a material difference compared with the previous one and that is why it is not actually identified. Given the current context of the Irish property market, does Professor Ahearne see any abnormality in it at present that was...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Ciarán Lynch: Is Professor Ahearne in agreement with the Governor's position on that?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Ciarán Lynch: Thank you very much, Professor Ahearne. I thank you for your participation before the inquiry today. It has been a very informative and a valuable meeting which has added to our understanding of the factors leading to the banking crisis in Ireland.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: We are in public session. I remind members to switch off their mobile telephones and other technological equipment. This meeting has been convened to consider the Revised Estimate for Vote 33 - Arts, Heritage and the Gaeltacht in detail and to question the Minister in that regard. A briefing on the 2015 Revised Estimates from the Department, along with a suggested list of questions from...

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: Before I open the debate to Members, I wish to raise the issue of funding for community development offices on English-speaking islands. The Minister of State, Deputy McHugh, is aware of the issue because he has worked on it for some time. A number of the islands are located off west Cork, such as Bere Island, Sherkin Island, Dursey Island, Whiddy, Heir Island and Long Island. Funding will...

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: I thank the Minister of State. This is a very timely and apt response. While I do not expect the Minister of State to have the answer to this question today, the last time he was here, I mentioned to him the abandonment before Christmas of a tendering process for a Long Island ferry. If he cannot answer now, that is fine, but perhaps later this afternoon or tomorrow an official might let...

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: Thank you. I call Deputy Ó Fearghaíl.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: We will go through the subheads, as is in the brief. Is the Deputy okay with that?

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: I will begin with the Minister and the two Ministers of State, where appropriate.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: Did you get to go yourself?

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: We will let the Minister reply.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: We will let the Minister respond and then I will call Deputy McEntee.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Estimates for Public Services 2015
Vote 33 - Arts, Heritage and the Gaeltacht (Revised)
(3 Mar 2015)

Ciarán Lynch: That concludes the select sub-committee's consideration of the Revised Estimate for Vote 33 - Department of Arts, Heritage and the Gaeltacht. I again thank the Minister, the Ministers of State and their officials for their attendance.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Message to Dáil (3 Mar 2015)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil:The Select Sub-Committee on Arts, Heritage and the Gaeltacht has complete its consideration of the following Revised Estimate for public services for the year ending 31 December 2015: Vote 33 - Department of Arts, Heritage and the Gaeltacht.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Ciarán Lynch: In commencing this morning's proceedings I welcome everyone to the 11th public hearing of the Joint Committee of Inquiry into the Banking Crisis. At our first session this morning we will hear from Mr. David McWilliams on issues related to early warnings, divergent and contrarian views in the context of the banking crisis in Ireland. David McWilliams is an economist, writer, broadcaster and...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Ciarán Lynch: Move towards a wrap up now Mr. McWilliams because we also have to ask you some questions.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Ciarán Lynch: I will ask that you wrap up please Mr. McWilliams. Much of what you gave the Committee in your opening statement will be also be addressed in the questions this morning.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

Ciarán Lynch: Mr. McWilliams I have afforded you more time than any other witnesses that have come before the committee. You are now on 25 minutes. Usually the limit is 15 minutes so I will have to ask you to wrap up.

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