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Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Are Irish banks reformed? Have they new people? The property fixation that you've mentioned, you know, do they know about high tech, aviation, pharma, start-ups, small and medium enterprises? I mean when NAMA's gone in a few years time will Irish banks be reformed so that they don't need it to be re-established in, say, five years after that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Did you encounter a problem with directors' loans?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: If we reform Irish banks, and we share your aspirations in that, in fact I must ask you about your experience as a public interest director in Anglo, first, that was presumably for a short while before it was abolished, was it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: We had at the same time Ulster Bank, Royal Bank of Scotland, DEPFA, Saxony Land Bank: I mean, it wasn't just the banks that you had to deal with, there seemed to be just a culture of banking in Ireland that involved losing large amounts of money by just being here, whether they were headquartered elsewhere or not. Have you had thoughts on why that happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Of the 772 people who borrowed €73.9 billion, Mr. McDonagh mentioned five people had repaid. Were those out of the first group, the 12 who borrowed €22.2 billion? And the danger is moral hazard, if they got away with it, well then there's no penalty for the way they were conducting themselves. Was it just five people you said earlier about the people who had repaid?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: There are 767 to go maybe?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: I think I share your surprise and disappointment that of the 6,000 houses you offered to local authorities, about 1,200 have been taken up. Should the rest be a fire sale, if somebody can buy them for a couple of hundred and do them up? It's better than having them going into rack and ruin?

Seanad: Order of Business (21 Apr 2015)

Sean Barrett: I welcome reports today that the Minister, Deputy White, is to propose at Cabinet tomorrow that the broadcasting charge should not proceed. That charge was to replace the television licence by extending it to people who did not have a television. It seemed to me to be a strange part of public finances. We asked the then Minister, Deputy Pat Rabbitte, in the debate on it at the time if the...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: I welcome our visitors. What percentage of the electricity price is represented by transmission costs?

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: By how much does that figure go up the longer the transmission lines are?

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: If we were to double transmission line length, would the figure of 3% or 4% double or stay the same?

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: On transmission costs, would one of the logical consequences be, if such costs are large in economic and social terms, we should locate industries near generating stations? I do not recall any case where that has happened going right back to the plant at Ardnacrusha. One of the ways to cut transmission costs would be to have the generation and the end user located side by side or within a...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: Is there a formal link between EirGrid and IDA Ireland to locate industry where there is a surplus generating capacity?

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: In respect of the all-island electricity market, why are we annoying so many people in County Meath in order to bring electricity to Northern Ireland instead of developing power stations in that jurisdiction? In the context of all of the dislocation discussed in this committee, are power stations such as Coolkeeragh or Ballylumford ruled out for future development or is Northern Ireland...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: The initial plan is to export from the South to the North.

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: If the electricity is generated in Northern Ireland, consumers could save 10% or even 15% without having to transport it through the hostile county of Meath.

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: When this was first presented as an element of a single electricity market, I do not think the people of County Meath were aware of the contribution they were going to make. That is why the controversy arose. People perceive underground transmission as working very well in historic and residential areas. Has EirGrid whetted the appetite for underground transmission by allowing people to...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: I thank Mr. Slye and his team for their co-operation.

Seanad: Order of Business (16 Apr 2015)

Sean Barrett: I express my sympathies to the Buckley family from Mourneabbey in County Cork at this very stressful time and endorse the Minister for Foreign Affairs and Trade's expression of thanks to the Glasgow police force for their assistance in this regard. I thank Senator Leyden for his remarks about the bus situation. I think the Minister for Transport, Tourism and Sport will be here later on...

Seanad: Order of Business (16 Apr 2015)

Sean Barrett: Hear, hear.

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