Results 11,701-11,720 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: Yes. This was partly covered by others earlier but in his report, Professor Honohan mentioned the unfortunate benign commentary by some international bodies such as the IMF and others.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: At this point, is the Governor content that the situation could not happen again or would it be equally likely to be benign? Have there been changes to how these things now are being communicated?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: Yes.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Marc MacSharry: I am good.
- Seanad: Water Services Bill 2014: Second Stage (Resumed) (18 Dec 2014)
Marc MacSharry: I welcome the Minister of State, Deputy Paudie Coffey, and thank the Acting Chairman for giving me the opportunity to say a few words. Obviously, like everyone else on this side of the House or certainly all of my Fianna Fáil colleagues, I will be opposing the Bill. I appreciate that the Minister, Deputy Alan Kelly, is somewhat new to the role and that it is clear that there has been...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Notwithstanding the potential for other political and policy mistakes being made throughout the ten year period Mr. Wright examined, without the tool of interest rate deduction does he feel the Government or the Department were adequately equipped to deal with the problem quickly?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Given what we have discussed, would it surprise Mr. Wright that the ECB has announced its intention not to attend or co-operate with this inquiry?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I will put it another way. If Mr. Wright was conducting an inquiry in Canada between all the states, similar to this one, would it be possible to conduct it if its central bank did not allow itself to be included in the investigation?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: It is a "Yes" or "No" answer.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: The political science aspect of 35 years beside the Minister is rubbing off on Mr. Wright.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: We will take that as a "Yes."
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: On the comment that it will be difficult to do the work when a major player will not participate in the process.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: The ECB?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: Given the lack of knowledge internally, was it the case that bankers were getting their own way?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: To put it in another way, was the Department prone to taking the banking sector's advice as the correct way to proceed rather than the Department outlining the way we ought to proceed?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: On the issue of economic and monetary union, Mr. Wright mentioned the difficulty Ireland faces in not having the potential to adjust interest rates and the very important counter-cyclical tool that would have offered. Does he feel that how the euro is structured and how the ECB does its business in terms of deciding where interest rates need to be and focusing more on inflation rather than...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I will rephrase the question. Is it is a problem that interest rates on this island will never be at the optimum position at which this economy needs them to be?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Marc MacSharry: I want to ask him Mr. Wright about the expertise in the Department. He called for a good deal of engagement with the private sector on various matters in his report. He indicates that there was a reluctance by the Department to second guess the Central Bank if advices were coming in and so on. To what extent does Mr. Wright believe that the lack of internal expertise within the Department...
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: This follows on from my earlier questioning. Mr. Nyberg said economies must adjust to the constraints of participation in the euro and the ECB. What counter-cyclical measures does Mr. Nyberg feel are adequate to replace the fact that they are unable to control interest rates when crises or potential crises loom?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Marc MacSharry: Stamp duty.