Results 11,481-11,500 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I hope the Chairman will allow for the time he is taking up as well.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: As the Chairman said, if any answers are not within Mr. Buti's competence or he does not want to answer them, he should just point that out and we will know. As I was saying, I could not help noticing in recent days the consideration of tax anticipation notes as a suggestion from the Greek authorities as they seek to deal with their issues. There is no agreement and we all wish them well, I...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: A tax anticipation note is something that has been suggested by the Greek Finance Minister in recent days. They are used at state level in the United States as a kind of IOU. If a state in America is in difficulty, it can say on the basis of tax that is going to be paid in the future that money will be ring-fenced to pay that debt. I believe that was the suggestion put forward by the Greek...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: So there was no consideration given to this kind of thing.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am only at 13 minutes and I have a stopwatch on.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: You used about three of those.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: You could be reasonable.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: When asked by me if the crisis could have collapsed the euro, your predecessor, Klaus Regling said, "Yes". Professor Bill Black, in testimony here, said: "Ireland tried to bail out the German banks." Professor Ed Kane said, in testimony here: "Ireland seemed to help creditors in foreign lands like Germany." Mr. Buti said in his statement that the post-2007 financial and economic crisis...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am sure the people would be interested. He might like to answer it. Can we see if he would like to answer?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: That was not a leading question; I am quoting testimony. With respect, I am quoting testimony from three other witnesses, one of whom is this man's predecessor.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am sure the people are interested in that answer. Would Mr. Buti like to answer that question?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: It is you who is trying to lead the witness. You are telling him not to answer a question. He may well like to answer that question and I think it would be in the public interest if he did, frankly.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I understood we could quote from testimony from previous people. That is what I have done. The level of prescription in terms of actions and questioning in this inquiry so far is not acceptable and I have to say that if you persist in this, we are going to have discussions outside the room about the process in the future. I have asked a question and I want to see if Mr. Buti wants to...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: That is neither here nor there. I do not need my questions approved by the Chair.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am. As far as I am concerned I am operating precisely within the legal framework.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I did not specifically say the bailout. If you want, I will rephrase the question or repeat the question as asked. Did Ireland get a bad deal from Europe? I quoted three testimonies. One was from Mr. Buti's predecessor, another was from Professor Bill Black and a third was from Professor Ed Kane. I do not need to repeat them I am sure. I am interested to know if Mr. Buti feels Ireland...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I have no further questions.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I thank Dr. Donovan for coming to see us today. He mentioned earlier that the IMF is run by those who contribute the most money. Do such countries involve themselves in the conditionality of loans?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I understand the process because Dr. Donovan has outlined it but he did say that the IMF is run by those who contribute the most.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Every country has a representative in the IMF, but, for example, Ireland does not contribute the most money, so is there some kind of qualified majority voting system which allows some countries to be more equal than others?