Results 10,161-10,180 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: I'll just cut across, Mr. Ahern, sorry ... just ... because the figures shows that in 2002 spending was 22% up on the previous year for the first six months. Is that not expansionary?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Is that not expansionary, Mr. Ahern?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Fair enough. Well, let's talk about the Minister for Finance then because when he was before the committee, I asked him in what way the elections in 2002 impacted upon the budget decisions in 2002 and 2001. And his reply to me was: I'm sure that when an election is coming up, that you will be very, very conscious in the previous year to 18 months, as the same as this Government is very,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: It is Mr. McCreevy. -----yes, of course, the upcoming election has always influenced measures which the Government do at election time. We are politicians, don't forget, and we actually like to be re-elected. Is that a true reflection of your Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay, well, immediately after that election in 2002 Minister McCreevy sent a memo to every Government Department demanding cutbacks in spending. Why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: In 2002?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: The dotcom bubble was in 2001.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: And the forecasts didn't predict this then for 2002, the economic forecasting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Moving forward then through to before 2007. In an interview with the Sunday Independentin November 2014, you said: ...competitiveness had certainly been lost for three or four years by 2007 ... Investment in residential property went to 13pc of our national output in 2006. That's about double what it should have been. The share of employment in construction was too high. But the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: 2007 was another election year and I think, by your own admission, you were in a bit more trouble then. It's been written by Pat Leahy that Brian Cowen favoured a more prudent approach to budgetary matters than you did in the run-up to that election. He wanted to emphasise caution and restraint and avoid big tax-cutting promises. So did the election of 2007 have an impact on the budgetary...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: I'm asking about the time; in 2007, tax receipts fell €2 billion below expectations and yet for the budget for 2008, you increased current spending by 8% and capital spending by over 10%. Why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Did you get the 2008 budget wrong, then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Do you feel that you ignored the views of the Oireachtas or the concerns of the Oireachtas in devising that budget?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: The Opposition, in the Dáil.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: It's in your evidence book, Vol. 5, page 59, it's a series of questions, parliamentary questions, put to the Minister for Finance at the beginning of 2007 and through for the first six months, asking questions about the tax policies and opinion on growth and revenue, confidence in the mechanisms used to make Exchequer return predictions, the heavy reliance of the Exchequer on revenue from the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Do you accept the findings of the Nyberg report on page 4, where it says "As demonstrated by the previous scoping reports, although clearly affected by external conditions as set out above, the Irish crisis was in all essential aspects home-grown."?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You're not sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Chair. Just to move on then, if I may, Mr. Ahern, to 2007 and you established the domestic standing group. Did you pay any attention to its work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Yes.