Results 281-300 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. And in that regard, with the IMF's long experience in dealing with programmes and the relative, if little or no, experience that the European Union had as ... in the wider entity, there is a position articulated that the IMF were of the view through their long experience that the position being articulated by the European Central Bank and maybe the European Commission was too severe in...

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

Ciarán Lynch: All right, Mr. Buti, just two final questions I want to deal with. The last one I will take as ... I will allow you a bit of time to maybe just give your final remarks to the committee, but one is a specific item in relation to NAMA. And when developer Mr. Michael O'Flynn in evidence before this inquiry ... when he was here what he said was that, "NAMA was intended to save the Irish banking...

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

Ciarán Lynch: Of the person, yes, but in general.

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. Finally, and you can add any further comments you wish to this in terms of looking ... going into the future or in terms of recommendations, Mr. Buti, but in the European Commission's ex-postevaluation of Ireland's bailout programme, it is stated that while the burden of fiscal adjustment was shared quite widely, overall it was the younger generations who were hit harder by the crisis....

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

Ciarán Lynch: The proposition there, Mr. Buti, that I am saying is that there's no question that people saw significant drops in their incomes and so forth. Your proposition is that they were the ones that seemed to have picked the ... or been impacted upon the hardest. But in contrast to people who were not working whatsoever, who had lost their jobs, 24% of the Irish economy was in construction....

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

Ciarán Lynch: Thank you very much, Mr. Buti. I'm going to bring matters to a conclusion. Is there anything you would just like to mention by means of closing remark or comment?

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

Ciarán Lynch: Thank you, Mr. Buti. And in wrapping up this session, I would like to thank you for your participation here today and for your engagement with the inquiry and to also formally acknowledge the ECB's assistance and co-operation with the inquiry ... sorry ... yes I wish, I wish ... the Commission's co-operation and assistance with the inquiry right from the outset in its various stages. So...

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

Ciarán Lynch: I now call the committee back into public session. Is that agreed? Agreed. We will now commence our third and final hearing of today and our final public hearing in total of the banking inquiry and, in doing so, we are now engaging with Mr. Michael Noonan, TD, Minister for Finance. The Committee of Inquiry into the Banking Crisis is now resuming in public session. I can remind members...

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

Ciarán Lynch: In this session with Minister Noonan, we will focus on the Government's responses to the crisis since taking office. In particular, we will examine what key decisions were made with regard to ongoing management of the bailout; what was the impact of implementing the measures agreed; is macroeconomic policy now being managed in a fiscally responsible manner in line with EU treaties and other...

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

Ciarán Lynch: Mr. Noonan, welcome before the committee this afternoon and if I can invite you to make your opening remarks please.

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

Ciarán Lynch: Thank you very much for your opening comments, Minister Noonan. We'll get questions under way, so if I can invite Deputy Joe Higgins. Deputy, you have 25 minutes.

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

Ciarán Lynch: I will allow the Deputy a bit of time. Just hold the clock a second there. Minister Noonan.

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: We'll stop the clock Deputy. That's fine.

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

Ciarán Lynch: Back to yourself, Deputy. The clock's back on.

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

Ciarán Lynch: Allow Mr. Noonan in - you've plenty of time, Deputy.

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

Ciarán Lynch: We're on the clock here now, Minister, because you're on Deputy Higgins's time, even though he wants to hear the yarn and I do. Stop the clock there.

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

Ciarán Lynch: Deputy Higgins.