Results 9,941-9,960 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Thank you very much. Thanks Mr. Cowen again. Just to begin with the call by Governor Honohan to go on the "Morning Ireland" programme. Mr. Cardiff, when we had him here giving evidence, had mentioned that he would have liked an hour's notice that it was going on. He also said that this put the Government very much on the back foot as far as the public relations were concerned, but also it...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Did it provide clarity-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: -----which was the view ... part of the view of Mr Cardiff?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: You mentioned several times in your evidence about the ... the view that we were being bounced into a programme or that there was significant briefing going on from European sources to facilitate our entry into a programme. Do you feel that Governor Honohan was, either unwillingly or willingly, part of this strategy in terms of masters or senior colleagues at the European Council of the ECB,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: I think he gave evidence he called-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: What was the material impact on the situation? What ... was it a negative, was it a positive? I know it was, from a ... put you on the back foot, as you've said, but, you know, in real terms, was there a cost to this timing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Just to finalise on the issue, you said earlier that yourself and Minister Lenihan were liaising talks about talks, rather than committing until you knew what the consequences were, how it was going to be handled and that you wouldn't commit to it until such time as those outstanding issues were ironed out. And while you were getting close to that, was the timing of this interview, this...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Just going back to the bouncing into the bailout and the back briefings and all that, would you have an idea of the sources of these briefings that were going on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Okay, yes. You certainly couldn't prove, one would imagine, but did you have a view that there was vested interests of particular nationalities or?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Did you feel that these briefings, and give us your view at the time, what ... did they have a direct relationship to the rise in bond yields?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Just on the ... and I'll come back to it in a minute, but on the bond holders, were you aware of the profile of who they were?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: So when you, for example, I mean, you mentioned other evidence - pension funds, credit unions and so on. Would we have known the nationality of banks, for example, of those who were among the €19 billion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: And would there have been higher concentration in some countries rather than others?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: And would they be IMF contributor countries, main contributor countries?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Okay. Are you allowed tell us?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Okay. Just in terms of the putting together of a programme, in terms of Government officials attempting to secure support from other EU institutions and individual member states, what did you undertake in terms of trying to ... was there alliance building going on to say "Look, we want you to support us in this", or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Was it just directly with ... was it just directly with Olli Rehn and his team and just directly with the institutions themselves or was there any attempt by you or Minister Lenihan or officials to kind of build alliances or canvass support-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: When ... you were saying from 2008 up to this time, you had begun a fiscal correction but in focusing on the €15 billion that you want to, in your own words, kind of put together in your own way, what you knew was doable, or what ye knew was doable before committing to a programme, was there a kind of contact, informal kind of, with the ECB and the IMF and the Commission, albeit...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Marc MacSharry: Was that just with the Commission in the normal way or was it with the other two?