Results 101-120 of 1,974 for speaker:Arthur Spring
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (8 Jul 2015)
Arthur Spring: I propose that we go into private session for a few minutes to deal with some items of correspondence. Is that agreed? Agreed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: I ask members to ensure their mobile phones are switched off. This is important as they cause serious problems for broadcasting, editorial and sound staff. We will have two sessions today. In the second which will begin at 5 p.m. we will focus on scrutiny of the draft scheme of the public sector standards Bill. In our first session we will consider the issue of quantitative easing. I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Can Dr. Gurdgiev expand on how it could potentially be made worse by QE?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: I must read the notice on privilege. I wish to advise to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the Chairman to cease giving evidence on a particular matter and they continue to so do, they are entitled thereafter only to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: We will have to suspend the meeting for the duration of the vote and resume directly after it. I do not know about the Deputy's Whip, but mine would not be happy if I did not go over to vote.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: There are about five members against me on this. That sounds about equal, intellectually. I apologise to the witnesses, but we will have to suspend for the duration of the vote and resume after it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: We will continue our discussion on quantitative easing. EUROSTAT provided a breakdown of inflation or the harmonised index of consumer prices, HICP, for the period from 2003 to 2014. The figures show the rate of inflation in the European Union in general, the eurozone and individual member states. I share Mr. O'Brien's view that the eurozone was a little late in adopting quantitative...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: I presume the country in question is Germany.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Does Germany have a disproportionate degree of leverage over the European Central Bank and the euro when it is compared and contrasted with the leverage available to other eurozone countries in terms of inflation and deflation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: To return to the issue, the average inflation rate in the eurozone stood at 0.3% in 2009, whereas the ECB's inflation target is 2% per annum or thereabouts. Notwithstanding the quantitative easing that was taking place at that point, albeit in an alternative form, why did the ECB not do as the Bank of England, the Bank of Japan and the Federal Reserve did if average inflation was so low? I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Five years after 2009, the actual rate achieved was 0.4%. I apologise as we will have to suspend because another vote has been called.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Returning to the point I was making before the suspension, it seems the European agencies were very slow to react. Does Dr. Kinsella have anything to add to what his colleagues said on that point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: The Deputy's question is perfectly clear. We are running short of time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: We will wrap up the question and answer session. I call Deputy Tóibín.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: One would be popular at election time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: I call Deputy Richard Boyd Barrett.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: A phone is going off which means the proceedings will not be able to be picked up by transmission services. I ask people to switch off their phones.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Internationally, if one continent is doing it against the others-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quantitative Easing: Discussion (8 Jul 2015)
Arthur Spring: Dr. Gurdgiev must leave now. I thank him very much for his contribution. It is much appreciated. We will continue with the session.