Results 8,121-8,140 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I return to the issue of the guarantee. In a newspaper article of 28 September 2008, entitled State guarantees can avert depression, Mr. McWilliams discussed the costs of various options that could be taken regarding nationalising banks and stated: There is another reason for not nationalising, and it is taxpayers' money. Once you start using taxpayers' money, you have to be careful. The...

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

Ciarán Lynch: While I do not believe in pushing people to "Yes" or "No" answers, with the benefit of hindsight, do you think your comments underestimated the potential cost of the State guarantee?

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

Ciarán Lynch: In your opening statement, you said you had published 2.5 million words.

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

Ciarán Lynch: Excellent, because I have a question on them. Did you ever get it wrong?

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

Ciarán Lynch: What did you get wrong?

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

Ciarán Lynch: It is not.

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

Ciarán Lynch: I had many professions before I came here and I have got things wrong in those professions. It is not just politics.

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

Ciarán Lynch: Give us an example of something you got wrong in 1.2 million words.

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

Ciarán Lynch: Give us an example. In the 1.2 million words you have written about the economic crisis in this country, did you get anything wrong?

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

Ciarán Lynch: In terms of getting things right for the future, what is your assessment of the Irish Government's level of preparation for the banking problems that emerged in September 2008? How well was the State prepared? Are Irish policy making authorities better prepared today, particularly regarding the regulation of the property and banking sectors?

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

Ciarán Lynch: Is there anything else you would like to add before we conclude?

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

Ciarán Lynch: I thank Mr. McWilliams for his participation today. It has been a very informative and valuable meeting which has added to our understanding of the factors.

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

Ciarán Lynch: I welcome Professor Terrence McDonough and apologise for the late commencement of session B, which is to discuss issues relating to the international, EU and domestic policy contexts to the banking crisis in Ireland. Professor McDonough is professor of economics at NUI Galway and has a PhD in economics from the University of Massachusetts at Amherst. Before joining NUI Galway in 1995, he...

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

Ciarán Lynch: Thank you Professor McDonough. In your opening statement you make strong reference to a neoliberal policy programme that has been in place since 1987 up to the present. Can you define what you mean by neoliberalism?

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

Ciarán Lynch: I am sure you will be familiar with the budgetary process, that education, social welfare and health costs as a proportion of the budget make up the lion’s share of the overall sum. Would you see that level of expenditure in the annual budget as consistent with the theory you are proposing?

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

Ciarán Lynch: Professor McDonough should speak of the Administrations rather than the individuals.

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

Ciarán Lynch: Senator Sean Barrett has six minutes.

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

Ciarán Lynch: We have to give Professor McDonough time to respond.

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

Ciarán Lynch: The Deputy is out of time.

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

Ciarán Lynch: When Peter Nyberg was before the committee, one of the comments he referred to related to the social partnership model and how expenditure grew in public sector wages. Is Professor McDonough familiar with that part of the Nyberg report and would he like to make a comment on it?