Results 17,961-17,980 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael McGrath: -----from the phone ... over the phone-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael McGrath: -----from Frankfurt.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael McGrath: And was there a decision made to actually do it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael McGrath: But that decision was not made, you're saying, to actually do it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael McGrath: Okay. Thank you.
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: I listened carefully to the Minister, Deputy Noonan, last night. I have to say I was deeply disappointed with his clear lack of understanding of the challenges facing the credit union movement at this time. He is either in complete denial about what is going on, or he is simply unaware of it. There was no acknowledgment of the serious issues that the credit union movement is facing at...
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: They came because they are worried.
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: They came because they are concerned about what is happening to the credit union movement. They came because they care. They came as a cry for help to save a great movement. It is one of Ireland's greatest national movements. The starting point is to accept that there is a problem. If the Government does not accept this, we are going nowhere. The Minister spoke at length last night...
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: Credit unions have invested in compliance and in improving their governance arrangements and internal controls. Those structures must now be funded because they come with additional costs. The reality is that credit unions need to be given the tools to allow them to compete in the Ireland of 2015 and to justify the costs involved in complying with that regulatory structure. New business...
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: Come on, a Cheann Comhairle.
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: I thank the Ceann Comhairle. I thank all of the Deputies from every side of the House who contributed on what was a good debate. There were some strong contributions from all sides, which is an acknowledgement of the vital role that credit unions are playing throughout Ireland. Clearly, there is a great deal of goodwill towards them, but that is no longer good enough. We need far more....
- Credit Unions: Motion (Resumed) [Private Members] (24 Jun 2015)
Michael McGrath: No one is advocating that.
- Written Answers — Department of Social Protection: Pensions Levy (24 Jun 2015)
Michael McGrath: 45. To ask the Minister for Social Protection if she expects any call on the additional funds raised from the increased pension fund levy in 2014 and 2015, which in her budget statement she said, were required to make provision for potential State liabilities, which may emerge from pre-existing or future pension fund difficulties; the circumstances in which such a call would arise; and if she...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Thank you very much, Chair, you are very welcome Mr. McCarthy. Can I start by asking you, after 2004, the IMF, OECD and ECOFIN all clearly recommended a tighter fiscal stance and the building up of a cushion for the time when income from property related transactions would fall. Can you discuss why, in your opinion, the Central Bank's recommendations in Ireland, to the Minister, did not...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Yes, and linked in to the issue of, you know, a property collapse and the impact that would have on Exchequer finances.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Sure. Can I raise the issue of the structural budget balance, or the cyclical balance as such, and you say on page 8 of your witness statement, "Measures of the underlying balance (the so-called structural balance [...] did not raise any red-flags either." And you're referring to the pre-crisis period presumably. So, can you just clarify for the inquiry, who measured the structural...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Who measured this structural surplus, just to be clear, who measured it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Even today?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: So can I just put it to you, Mr. McCarthy, one of the key observations or criticisms that is made is that during the pre-crisis years, while Ireland was reporting, you know, budget surpluses in headline terms, that in reality when you strip out the cyclical tax revenues that there was a major structural deficit there as such. But are you saying that Ireland was actually complying with the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael McGrath: Yes?