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Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Marc MacSharry: With the vision that is outlined now by the Commission in terms of the capital markets union and the level of integration that is mooted in that regard, will that serve Ireland well or will it expose us more as a small nation within the eurozone?

Seanad: HSE National Service Plan 2015: Statements (20 Jan 2015)

Marc MacSharry: He is well able to talk for himself.

Seanad: HSE National Service Plan 2015: Statements (20 Jan 2015)

Marc MacSharry: There are 95,000 fewer medical cards today than there were this time last year. Am I correct that it is envisaged there will be 60,000 fewer this time next year? From whom will these be taken? I welcome the continuing row-back on the cut to discretionary cards. A man from Sligo suffering from cancer who also has heart issues applied for a discretionary card, which he had in the past, but...

Seanad: HSE National Service Plan 2015: Statements (20 Jan 2015)

Marc MacSharry: -----to go through the full suite of issues.

Seanad: HSE National Service Plan 2015: Statements (20 Jan 2015)

Marc MacSharry: I sympathise with the task the Minister has to hand and I do not doubt his personal commitment to try to solve it. However, before we begin, in January, the health service plan is insufficient. The Minister does not have sufficient funding. He is behind the curve in terms of following crises across all of the disciplines. I did not even get to mental health, where Deputy Varadkar's...

Seanad: HSE National Service Plan 2015: Statements (20 Jan 2015)

Marc MacSharry: I welcome the Minister to the House. In January 2014, following a Fianna Fáil motion in the other House on the 2014 HSE service plan, our view at that time was that the plan was insufficient for the health service. The Minister's predecessor stated: "For people and patients, a key barometer of the success of our reform programme must be the performance of emergency departments and...

Seanad: Order of Business (20 Jan 2015)

Marc MacSharry: He is 150 miles away.

Seanad: Order of Business (20 Jan 2015)

Marc MacSharry: The Senator took-----

Seanad: Order of Business (20 Jan 2015)

Marc MacSharry: The Senator has shown her colours. She was sold a pup before Christmas.

Seanad: Order of Business (20 Jan 2015)

Marc MacSharry: I support my colleague on the mortgage issue. The suggestion of a 20% deposit is certainly not fit for purpose. It is a reaction that shows an extraordinary lack of knowledge and ineptitude in the context of trying to nurture a market that is healthy and is not overheating, but that facilitates the normal trade where people can buy and sell houses in the normal way. Naturally, so that...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: I welcome Professor Patrick Honohan and thank him for being with us morning. It has already been asked by the first questioner as to how much the guarantee actually cost. Professor Patrick Honohan ventured that it came to €40 billion. On re-questioning from others, he said he was happy to clarify that the cost of the guarantee was not €40 billion but the cost of rescuing...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It was not the cost of the guarantee, however.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: Absolutely. And if we were able to burn the bondholders, it would have been substantially less, albeit €5 billion or €10 billion or €15 billion.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: That was an opinion earlier as opposed to a fact.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It might have been €20 billion or €15 billion.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It is important.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: Absolutely. For the guarantee itself, it would be incorrect to say it cost €40 billion.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It would not have been €40 billion. Is that not correct?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It could hardly have been €40 billion. That is good as it is important.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Marc MacSharry: It could have been better.

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