Results 261-280 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: And finally - because part of the work of this inquiry is not just about looking at the past but also looking into the future and making recommendations, whereby, to the best of our ability, we don't have this type of crisis revisited upon us, as a country and as citizens, again - in the European Commission's ex post evaluation of Ireland's bailout programme, it is stated that substantial...

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

Ciarán Lynch: Thank you, Mr. Chopra. Is there anything you would like to add by means of closing comments or final remarks?

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

Ciarán Lynch: Thank you very much, Mr. Chopra, for those very, very kind comments. Just to acknowledge a couple of items I said at the opening of this morning's session. First of all, you are here as a voluntary witness, being under oath, and you do have the engagement and the responsibilities that come with that. But there was a lot of work put into getting you here today and I very much appreciate...

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

Ciarán Lynch: I now propose that the committee of inquiry into the banking crisis resume in public session. Is that agreed? Agreed. Okay, the committee of the inquiry into the banking crisis is now resuming in public session. Can I ask members and those in the public gallery to ensure that their mobile devices are switched off? We continue our hearings today with Mr. Marco Buti from the European...

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

Ciarán Lynch: I would also like to acknowledge that you're appearing here today as a voluntary witness, and that the European Commission has been very co-operative with the committee's requests. This is your second occasion - Mr. Nava has also been here - and I'd just would like to put it on the record that the European Commission has engaged with all the requests that this committee, unlike other...

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

Ciarán Lynch: Once again, Mr. Buti, I thank you for your attendance today, and if I can invite you to make your opening remarks to the committee please.

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

Ciarán Lynch: Thank you very much, Mr. Buti, for your opening remarks and your additional comments. Just for committee members to be mindful as well, you're not a native English speaker. Members might say that I'm not either, but that's a different story. So with that said, if we can get matters under way and if I can invite Deputy Michael McGrath please.

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

Ciarán Lynch: Final question, Deputy McGrath.

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

Ciarán Lynch: Thank you Deputy. Deputy Murphy.

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

Ciarán Lynch: Thank you very much. Senator MacSharry.

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

Ciarán Lynch: We don't have all day, though, so if you can respond, please, Mr. Buti.

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

Ciarán Lynch: You'll be back in again, Senator, one second.

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

Ciarán Lynch: You are on the final question.

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

Ciarán Lynch: Senator Barrett.

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

Ciarán Lynch: Thank you. Senator Barrett.

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

Ciarán Lynch: Point taken and noted, Mr. Buti. If I can maybe just invite Deputy McGrath in to deal with his own wrap-up and then I have a couple of questions I wish to conclude with as well, Mr. Buti. Deputy McGrath.

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

Ciarán Lynch: Thank you, Deputy McGrath. I just want to deal with one aspect of that and then I've got some questions as well I wish to wrap up with. On the issue of burning bondholders, which has been expressed back and forth here this morning, and given that part of the exiting of a bailout programme requires the sovereign to acquire funding outside of the assistance programme, would the burning of...

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

Ciarán Lynch: No. The question is if the Irish Government hadn't honoured the debt it had taken on board by sovereignising the banks' debts, and had left it be burnt. The earlier discussions we had this morning with Mr. Chopra and others are very clear that there was both a banking crisis and a fiscal crisis in Ireland, and Ireland was going to enter a structural programme regardless. The nature of a...

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

Ciarán Lynch: So, if Ireland had actually burnt that sovereign debt, that was originally banking debt, would it have had any impact whatsoever, in your opinion, with Ireland getting access to funds on the international market?

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

Ciarán Lynch: Okay. And just coming back to Mr. Chopra as well this morning, in his engagement with the committee, he placed the IMF as a partner in the troika, but one could take an interpretation from that that the IMF was not the senior partner or maybe not an equal partner in that regard and I would like just to test that idea at the moment. So, in that regard, would you say that the IMF was equal to...