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#Colm McCarthy

# colm-mccarthy - Tuesday 10 February, 2015

'How bad would it be to be a European country not in the EU? Not that bad'

What are the implications for Ireland if the UK leaves the union?

# colm-mccarthy - Wednesday 9 July, 2014

Colm McCarthy among 9 experts who will help banking inquiry figure out what to investigate

The banking inquiry met again in private session this morning.

# colm-mccarthy - Saturday 14 September, 2013

Rebels meet today but Peter Mathews insists: 'There's no new party. I'm a Fine Gael member'

Peter Mathews and Fidelma Healy-Eames are two of the members in the new Reform Alliance group which is meeting today to discuss strategy and policies for the future.

# colm-mccarthy - Wednesday 19 June, 2013

Cabinet abandons plan to sell off felling rights for public forests

The planned sale of Coillte harvesting rights has been called off, with the agency now set to merge with Bord na Mona.

# colm-mccarthy - Monday 2 July, 2012

Negotiations on bank debt deal 'best done in private' - Hayes

Finance Minister Michael Noonan will meet with his counterparts in Brussels next week to lay out Ireland’s case for reducing the burden of Ireland’s bank debt.

# colm-mccarthy - Thursday 26 April, 2012

EU Referendum: SF denies misrepresenting economists on No vote leaflets

Three economists who are advocating a Yes vote in the forthcoming referendum are quoted as being critical of the Fiscal Compact on a Sinn Féin leaflet that is being distributed.

# colm-mccarthy - Wednesday 25 April, 2012

VIDEO: Gerry Adams challenged on economists' quotes in SF leaflet Referendum This post contains videos

VIDEO: Gerry Adams challenged on economists' quotes in SF leaflet

A Sinn Féin pamphlet quotes three economists as bemoaning the fiscal compact… but some are actually in favour of it.

# colm-mccarthy - Sunday 18 March, 2012

Colm McCarthy: Irish bank debt was incurred "under threats" from ECB

The UCD economist said that no other eurozone country has taken on the kind of bank-related debt that Ireland took on – and warned that it may not be sustainable.

# colm-mccarthy - Thursday 9 February, 2012

Colm McCarthy appointed to board of Dublin Airport Authority

He is joined by former Bord Gais CEO Gerry Walsh and aviation executive John Lynch.

# colm-mccarthy - Friday 3 February, 2012

McCarthy bemoans Government's "ham-fisted" public retirement scheme

The chairman of An Bord Snip Nua attacks the “very poorly designed” system which may leave the public sector understaffed.

# colm-mccarthy - Monday 30 January, 2012

Will Ireland need a second bailout? Here's what 10 economists think

Economists in Ireland are divided on whether or not the country will need a new bailout programme next year. But very few think it is likely we can return to the markets as scheduled.

# colm-mccarthy - Sunday 22 January, 2012

Troika now losing faith in Ireland's bailout - Ross

The independent TD said he was told by troika representatives that the programme had been “optimistic” and that Ireland might not meet its targets.

# colm-mccarthy - Thursday 19 January, 2012

Troika to deliver report on Ireland's bailout programme

It comes amid growing talk that Ireland will need a second bailout. One economist did not rule out such a possibility this morning.

# colm-mccarthy - Thursday 29 December, 2011

Who said that?’s 2011 Quotes Quiz

We’ve picked out the highlights of the year in quotations. But which public figure said them?

# colm-mccarthy - Wednesday 7 September, 2011

Varadkar willing to sell off State’s stake in Aer Lingus

The Transport minister tells Newstalk that he doesn’t view the airline as “strategic” – and would be willing to part with it.

# colm-mccarthy - Monday 18 July, 2011

Poll: Have you taken your money out of Ireland's banks? Your Say This post contains a poll

Poll: Have you taken your money out of Ireland's banks?

An Post is gaining a bigger share of Ireland’s savings market as savers move their money from banks. Have you?

An Post benefits from the troubles in Ireland's banks

The semi-state company has taken in over €5 billion in savings deposits since the economic crisis began.

# colm-mccarthy - Wednesday 20 April, 2011

McCarthy report: sale of state assets should focus on long-term growth

Economic report recommends selling National Stud, Bord na Móna, and Aer Lingus shares, and calls for a review of pay and conditions in all commercial state companies to asses their competitiveness.

The 9 at 9: Wednesday

Nine things you need to know by 9am: Viable explosives sent to Neil Lennon, a Chinese man watches helpless as his girlfriend is murdered 11,000 miles away, and Cardinal Brady is off to the royal wedding.

McCarthy report will suggest no 'fire sale' of State assets

The latest McCarthy report, discussed at Cabinet yesterday, will argue that selling off assets now won’t get the best price.

# colm-mccarthy - Tuesday 2 November, 2010

Ireland has "a month to stop bailout" - UCD economist Bailout Republic?

Ireland has "a month to stop bailout" - UCD economist

First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.

# colm-mccarthy - Monday 1 November, 2010

Borrowing costs continue upward spiral amid IMF fears

The cost of borrowing for Ireland goes over 7% again, as investors buy into Colm McCarthy’s fears of an IMF bailout.

# colm-mccarthy - Thursday 22 July, 2010

COLM McCARTHY WILL head a body to examine the efficiency of State assets, the Minister for Finance announced today. The group will recommend how to better use resources or say if they should be sold off.

Mr McCarthy, a lecturer at UCD’s school of economics, previously headed the ‘Bord Snip Nua’, which compiled a list of recommended cuts to public spending.

Among its suggestions, that group recommended cutting 17,300 jobs from the public service, and a 5% cut in social welfare.

A preliminary list of the assets to be reviewed includes the Dublin Airport Authoritiy, Irish Rail, RTÉ, an Post, and a number of Irish ports. They can also review the regulation of those assets.

The group also includes Donal McNally from the Department of Finance, and Alan Matthew, Professor of European Agricultural Policy at Trinity.

It will present a report on its progress to Minister Lenihan before the end of the year, and has already begun its work.

# colm-mccarthy - Wednesday 21 July, 2010

FORMER CHAIRMAN of An Board Snip Nua, Colm McCarty says that the current economic crisis was ‘self-inflicted’ and ‘avoidable’.

Speaking at the MacGill Summer School last night, McCarthy said the current crisis is worse than the crisis of the 1980s. He says we didn’t have a banking crisis then and we had the ability to devalue the punt, which was a major benefit.

McCarthy said there was a failure of governance in the country: “We’ve had relatively a bigger banking collapse than anyone else.” Most of the damage was “self-inflicted and could have been avoided,” he said. There were plenty of warnings but these were not heeded.

McCarthy also complained that “public debate is dominated by lobbyists and not by analysis.” He also blamed the media, saying that public debate on the economy was not serious enough.

“A lot of the broadsheet media have gone downmarket,” he said. He also pointed the finger at RTÉ. “The media, again, tend to be quite willingly fed by lobbyists”, with a lot of “rewritten PR handouts”.

He said that the role of auditors in banking had been a “fiasco” and that this should be investigated.

McCarthy also said that the senate should be abolished as it was a waste of minister’s time.