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Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Is it sufficient?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Is it codes of conduct that we require?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: I have no questions, Chairman.

Seanad: Order of Business (10 Mar 2015)

Marc MacSharry: I thank the Cathaoirleach and will be as brief as possible. I agree with other speakers on the issue of disputes in the Irish Prison Service. Anecdotal evidence suggests there jas been a clear breakdown of communication between Mr. Michael Donnellan, head of the Irish Prison Service, and the Prison Officers Association. I appeal to all parties, particularly the Minister, to bring the...

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: M00200 type: 1 --> I thank Mr. Carswell for being here. In a speech given in Dublin City Library in 2012, he said:You hear talk now about Trichet, Jean-Claude Trichet, the European Central Bank president, threatening Ireland and some say the fear was that they would withdraw the funding from the Irish banks. I'm not sure they could have done that but what they could have done is put...

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: I get that. To follow on, it was before the letters.

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Now that we know what was in the letters and they are in the public domain on the ECB website and so on, what does Mr. Carswell think now?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Of that statement. Would or could they have withdrawn funding? Mr. Carswell said at the time he was sure they would not.

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: It was in 2012 in Dublin City Public Libraries.

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: In the post-letters environment, what does Mr. Carswell think the letters meant?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: In the context of withdrawing assistance. Was there an implicit or explicit threat to Ireland that if it did not take action A, response B would happen from the ECB?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Mr. Carswell thinks it could not have done it, the Government would have known it could not have done it and could have done what it liked, basically.

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: It could increase the cost and that was it. Does Mr. Carswell think the ECB could or would have let Ireland burn bondholders?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Any of them, effectively, any of the senior bondholders, any of the----

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Is Mr. Carswell familiar with the testimony given by Professor Honohan to the committee?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Is Mr. Carswell familiar with the fact that Professor Honohan corrected the evidence and then published it?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Has Mr. Carswell any view on that?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: Does Mr. Carswell have a view on why?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

Marc MacSharry: So you were just surprised.

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