Results 10,041-10,060 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Okay. And do you think there were sufficient technical skills in the audit committee to properly do its work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Yes, about the committee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: My final question, if I may, Mr. Begg, is in relation to your oral remarks today. You mentioned social partnership quite a bit.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: In your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: When you were coming in - and writing your written statement - to appear and addressing your role as general secretary, it didn't occur to you to address social partnership?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: But when you were ... you have a section in your written statement talking about your role as general secretary and looking back on the crisis period.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: And even though we've had findings in, for example, the Wright report, saying that social partnership overwhelmed the budgetary process, you didn't think to address that issue in your written statement or to comment on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: You don't think Ireland had a fiscal crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Until after banking crisis. So you don't accept the findings of the Wright report that social partnership overwhelmed the budgetary process?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Thank you, We've had admissions from four members of Government, in the committee, that fiscal policies were unsustainable. Do you accept that social partnership played any role in those unsustainable fiscal policies? And also, there's a second question: if you felt that economic growth was an unsustainable house of cards, as you put it, why did you seek and agree wage increases on the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Mulryan. A lot of the areas I wanted to discuss have already been raised by other members of the committee, so if I go over old ground, just let me know and I'll move on. On page 5 of your written statement you talked about, in paragraph 4, "Whether stated in the Loan Agreement or not, the financial institution generally required a high level meeting...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Okay. And at these meetings, would the banks, as they talked about Ballymore's future intentions, would they be pitching you for business? Would they be suggesting extra credit facilities or a particular site?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: They were going to have no more-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Sorry, more or no more exposure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: No more.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Okay. So on none of those occasions, none of the banks that you did business with-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: -----came to you or suggested to you that they had something to offer that you weren't looking for?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: And in those discussions, did you ever get a chance to express your own concerns about what might be happening in the property market in Ireland or the types of lending that banks were pursuing, given that, as you said earlier, it was your business to know what was going on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Okay.