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Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Thanks very much, Chairman, and welcome to Mr. Gormley and Ms Harney. Can I just get this question out of the way first, this is for both of you: did you agree with the Exchequer and National Pensions Reserve Fund being used to recapitalise the Irish financial institutions? John, or Mr. Gormley, rather, first.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: You were, kind of, in a decision-making capacity, so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: At party level, did you discuss different proposals or solutions to suggest to Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Yes, just on this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: -----because the old clock is ticking there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: The options ... and time was short, presumably?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Is it fair to say then that you weren't coming with a counter-proposal to Government on these matters?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Okay, that's fine. The same questions for Ms Harney then, just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: So you agreed with it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Okay, and just to say, at party level, were there any discussions within the Progressive Democrats to say, "Look, we have a counter-proposal", or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Yes, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: I forgot.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Okay, okay. That's fine. So there was ... you had no counter-proposal then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: That you were putting forward? Yes. That's fine, so. Can I just ask you ... I have a couple of stock questions that I've asked all political witnesses. One is, can either of you recall any instance where a political party, a body, a politician, a charity or anybody else lobbied or made representations to you to decrease expenditure or increase taxation? So, Mr. Gormley?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: To do that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: To reduce expenditure?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Well, then that's point I'm making-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: -----so "No" is the answer to that one. My point exactly. And on taxation then, was there many, or anybody, lobbying you to increase taxation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Marc MacSharry: Yes.

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