Results 221-240 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay. So in that regard, we can go into the choreography and the structure of the bailout programme. But you are saying that a structured programme of one nature was required or another? Yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: And would it be more correct, or not, to describe the crisis in Ireland not just as a banking crisis, but as a banking crisis and a very serious fiscal structural crisis as well?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay, and in that regard when you came into the Irish environment and the initial examination of where the structure programme was going to go, I would've assumed that you would have had to familiarise yourself with what was actually happening in the middle of this period, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: And in that regard, did you take any examination of the banking guarantee and how it was structured and its duration and that it was going to expire two years after it was set up, and that seemed to have coincided with the arrival of yourself into town? So, is there a relationship between the design of the banking guarantee and Ireland requiring a structured programme two years, two months...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay. So, in that regard, and we ... you mentioned ... Mr. Trichet was mentioned earlier and the letters that were going back and forth. And when Kevin Cardiff was before this committee, he said in many ways, the letter was entirely superfluous since it was already clear by the time of the letter that the Government was going to opt into a programme? Would you concur with that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Putting aside the detail of the programme, would it be accurate or inaccurate to say that Ireland was bounced into a programme, or it was going into a programme of one design or another?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay. In that regard, should Ireland have sought to go into a programme at an earlier time, and if it had done so, would its negotiating position have been stronger?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay. Mr. Trichet, when this committee engaged with him - and the requirements for meeting Mr. Trichet would be that his engagement with us would be seen as testimony, would be seen as evidence and it would be useable with other witnesses and also useable in terms of the committee's final report. And when he was asked about the crisis period in around the timing of his letters between...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Okay, thank you. Deputy Michael McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Thank you very much. The next questioner is Deputy Kieran O’Donnell, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: We have to be correct on it. Mr. Chopra did not say we were bounced into a programme-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Thank you very much. Deputy Eoghan Murphy, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Excuse me, Deputy Murphy, maybe just clarify that a little bit - with an agenda, with regard to those parties being in government, going into government. If you'd maybe give some context to that. They would have had many meetings.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Could you wrap up now, quickly, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Deputy, I am going to have to move on. Mr. Chopra, can I ask you if you can advise on the discussions, advices and analysis to ascertain the amounts required for bank recapitalisation of €10 billion - that’s banking support of €25 billion and financing the State of €50 billion, which is a total of €85 billion in total. How were they formulated with the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Thank you. Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Ciarán Lynch: Your time is almost up, Deputy.