Results 10,141-10,160 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: It must have been?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Who else would be on that call? If it was G7 I mean-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. Have you learned anything since that you could share?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: I am sorry. Can you remember a passage in the book, did it not say that he found Trichet more animated than he ever found him or something to that effect?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. Have you any view on why Trichet, for example, would not have accepted the arguably more experienced position and authority of the IMF on matters such as these in the context of burning bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Who were the beneficiaries of Ireland's not burning the bondholders?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: We know that but in the European context. Who had to gain?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: You said last week when we spoke and I asked you had Ireland's actions saved the euro and you said that it had but so too had the actions of other countries. How many other countries proportionately paid bondholders in a similar way as us?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Nobody. So is it fair or not to say that in the context of saving the euro, that the Irish people have done most?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: As you mentioned Greece, their negotiating approach, with the benefit of hindsight, would you have done anything differently?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay. The other issue I wanted to ask you about was on 18 November, Patrick Honohan did an interview with "Morning Ireland" and there are various views of the implications of why that interview took place and no doubt we'll be speaking to Mr. Honohan tomorrow about that. Can you give us your view as to why it happened and the implications of it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Would the independence of the Governor of the Central Bank, which, of course, we all respect and uphold ... in that instance do you feel Mr. Honohan was acting as Governor of the Central Bank of Ireland or council member of the European Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Do you feel the dual role sometimes is bad, not necessarily specific to Mr. Honohan, but where does one's national responsibility stop and the fiduciary duty to membership of the Governing Council take over?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Is it something that is clearly defined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Okay, so it is a grey area.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: So it could be a case perhaps or not of when one is in Frankfurt, one is an ECB Governing Council member and when one is in Dublin, they are not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Very finally, do you feel that the interview that morning, 18 November, strengthened or weakened the Ireland position in the context of negotiations at that time in terms of options available?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Some?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Marc MacSharry: Thanks.