Results 11,501-11,520 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I am sorry to interrupt but I have only two minutes left and I want to cut to the chase. Do the big boys dictate how the little boys pay off loans?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Okay, that is fine. We have had testimony this very day, from Mr. Marco Buti of the European Commission, who, when questioned by me, said very explicitly that there was no rule, written or unwritten, no air nor no environment in which it was understood that no bank should be allowed to fail. Dr. Donovan has just said explicitly and clearly that there was an agreement between Ireland,...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Okay, we absolve Dr. Donovan of that, but Ireland and Europe-----
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Just to be clear-----
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: It is the same question. I will be quick though. Dr. Donovan is referring to Ireland now on that issue and this is important because the committee heard this morning that there was no view in Europe that no bank should fail. There was no policy direction nor no understanding. Dr. Donovan is saying that there was such an understanding between Ireland and Europe. Can I ask Dr. Donovan what...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: I have a final question.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Dr. Donovan mentioned Professor Mody earlier on. He spoke on Newstalk radio here in Ireland recently about some sort of debt restructuring. Would Dr. Donovan share his opinions? I am sure he is aware of them. In that context, does he feel Ireland got a bad deal from the troika, including the IMF?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: He clarified at the beginning that everything he is saying is his opinion.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Marc MacSharry: Thanks.
- Seanad: Order of Business (17 Feb 2015)
Marc MacSharry: I ask for a debate on equality in our education system. As the Leader may be aware, there have been a number of court cases relating to University College Galway, UCG, - this is not to involve ourselves in court cases but it concerns equality in terms of promotional prospects. It is a very serious issue in St Angela's College in Sligo, which is the only constituent college of what we would...
- Seanad: Order of Business (12 Feb 2015)
Marc MacSharry: Some Senators are more equal than others.
- Seanad: Order of Business (12 Feb 2015)
Marc MacSharry: -----and, in this instance, a specific debate on local government funding in the context of Sligo County Council.
- Seanad: Order of Business (12 Feb 2015)
Marc MacSharry: On the day we have Willie Walsh of IAG speaking with the transport committee may I ask whether, if the assurances the Taoiseach has sought in terms of Heathrow and various other issues are given, it is the Labour Party's intention to support the sale of Aer Lingus? Could the House be given some clarification on that? It is disturbing today to read in The Irish Timesthat the HSE director...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I welcome Professor FitzGerald and thank him for taking the time. In his view, was monetary policy, as set by the ECB, in Ireland's interests in the period 2003-08?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: Just to ask very specifically again - was the monetary policy being set in Ireland's interest?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: In that context, is the EMU fit for purpose for a small open economy like Ireland? Will the interest rates ever be where we need them to be?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I get that point.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: I am not blaming the monetary union. I am asking a specific question. Will interest rates ever be where we optimally need them to be, because of the structure of the EMU?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: They are optimal in a European context, but will they be optimal for us?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Marc MacSharry: Others have said in testimony here that the EMU was incomplete, that it was not fit for purpose in a crisis. Professor FitzGerald talked a lot about how fiscal tools could have been used. Given these constraints to do with monetary policy, would it be fair to say that fiscal tools need a longer lead-in period? For example, if one devalues a currency or puts up or down interest rates, that...