Results 17,761-17,780 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Okay. Can I just ask that Department of Finance, Vol. 3, page 55, would be put on the screen. And the point I'm raising, Mr. Cowen, is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Page 55 of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Of Department of Finance, Vol. 3.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: It should be coming up on screen. And it's giving an overview, really, of the cost of recapitalising the banks and if you look at Anglo Irish Bank, for example, the total of €29.3 billion, this was as of January 2011, and it goes through the chronology there - €4 billion in June 2009, €8.3 billion in the prom note in March 2010, increasing then to €10.3 billion...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: That's okay. It's there, yes. The top part of that table, it's just going through the chronology and I'm not asking any question of detail. My question is: in terms of the factors that led to the bailout in November 2010, is it the case that the extent to which it took so long and there were so many changes in the overall bill for recapitalising the banks, and the difficulty that there was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: When was the idea of preparing a four-year national recovery plan first mooted in Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: So around September?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: August, September.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Okay. When the programme was negotiated in November, was there any particular element of it that you were very dissatisfied with? Is there any outcome that you wanted which you didn't get or was there any element of the plan that you didn't want to see in the plan?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Okay, you say you were satisfied that corporation tax wasn't included but my question was, was there anything that you weren't satisfied with in the programme? What was the most disappointing aspect of it for you? Was it the interest rate, was it any individual element of that programme which was agreed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Sure. And then on 9 March 2011, you handed over the reins to the current Taoiseach, Enda Kenny. Would you have had a hand-over meeting with the incoming Taoiseach and what message would you have conveyed to him as to the key issues that you saw at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: So no one-to-one meeting as such, where he talks through the issues in your in-tray and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Mr. Cowen, on 31 March 2010, in a Dáil exchange, Deputy Gilmore, as leader of the Labour Party during Leaders' Questions, questioned the motivation for ... for guaranteeing Anglo Irish Bank at the end of September 2008 and he said, on the record that day: I believe that the Taoiseach and the Government made that decision in September 2008 not in the best economic interest of the nation...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Have you requested that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Michael McGrath: Thank you.
- Central Bank (Variable Rate Mortgages) Bill 2015: Second Stage [Private Members] (7 Jul 2015)
Michael McGrath: I move: "That the Bill be now read a Second Time." I wish to share time with Deputies Ó Cuív, McConalogue and Sean Fleming.
- Central Bank (Variable Rate Mortgages) Bill 2015: Second Stage [Private Members] (7 Jul 2015)
Michael McGrath: This is one of the most important economic Bills the House will debate in the current Dáil term. I do not say this lightly, as the fact of the matter remains there are 300,000 standard variable rate mortgage customers who are being charged way over the odds at rates that we now know are double the levels of elsewhere in the eurozone. On tonight's "Six One News", we heard that the...
- Written Answers — Department of Finance: Tax Code (7 Jul 2015)
Michael McGrath: 115. To ask the Minister for Finance when payments will be made to first-time buyers who are eligible to apply for a refund of deposit interest retention tax paid in the previous 48 months; and if he will make a statement on the matter. [27101/15]
- Written Answers — Department of Finance: Mortgage Interest Rates (7 Jul 2015)
Michael McGrath: 116. To ask the Minister for Finance further to Parliamentary Questions Nos. 224 to 227 of 17 February 2015, the current state of the enforcement investigation by the Central Bank of Ireland; the number of relevant customers who will be entitled to refunds; the total loss involved; when appropriate redress for those customers will be made; and if he will make a statement on the matter. [27102/15]
- Written Answers — Department of Finance: IBRC Operations (7 Jul 2015)
Michael McGrath: 143. To ask the Minister for Finance the process in place within his Department since the nationalisation of Anglo Irish Bank for reviewing the minutes of the bank's credit committee; if he will confirm whether the minutes of the Irish Bank Resolution Corporation's credit committee were included in the monthly board packs sent by the corporation to his Department, and if so, when his...