Results 16,361-16,380 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Thanks, Chairman. Was there an imbalance created in the ... in the structure ... the financial structure of the Irish economy during your period as Minister for Finance, where, effectively, construction took over from exports as the main driver of the economy, where we had double digit growths in exports up to 2000 and really, from thereafter, there were single digit growths?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Did the wage demand-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Did the wage demands in the construction sector bring about lack of competitiveness in the export market?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Was ... was the eye taken off the ball in terms of the export side of the economy ... we'll say, more towards the construction side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: LL03400 type: 1 --> That was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Can I go to Vol. 1, page 150, Chairman, please? Page 150, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: And it's dealing with the response within the Department to Morgan Kelly's article in December 2006. So it says: We must be careful that we do not over-react to the current easing from the very high levels of activity. House prices have fallen back slightly in recent months, although prices still remain above their levels this time last year. I share the views of most commentators that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: -----what was your reaction? What was your reaction within ... both for you and within the Department, and your ... what was the basis of your response to his article?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: What was your own reaction to the article when you read it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Mr. Cowen, can I go back to the issue in terms of the Quinn Group and the contracts for difference and you received a phone call from Seán FitzPatrick I think around the ... was it 17 March '08? Now, the domestic standing group in the Department of Finance and with the Central Bank were considering the issue of the contracts for difference and the overall Quinn Group in early 2008. I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Correct.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Would you be kept informed of what was happening in the domestic standing group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Would you have received the minutes of the domestic standing group as Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Well, then, were you aware of the difficulties with the Quinn Group itself and maybe the exposure in terms of jobs to the Quinn Group? Both in terms of the ... it was heavily leveraged the ... the bonds to be replenished in later 2008 ... was that ... were you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Well, that was then. I'm talking about in the first half of 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: Yes, no, but the domestic standing group were considering in depth the whole issue around Quinn, both in terms of the unravelling of the shares and also in terms of the possible implications for Ireland as a country in terms of the exposure, both in terms of the contracts for difference for Quinn and also in terms of that they were heavily leveraged. They had bondholders in the US and the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: The question is: were you aware of that? Were you advised by the officials in the domestic standing group particularly in relation to Quinn, not just the contracts for difference but the wider implications in terms of the group itself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Kieran O'Donnell: But so were you aware at that stage in early '08 that there was difficulties with the Quinn Group itself?