Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I will now turn to the role of the banks in supporting the recovery and the temporary so-called holiday that is a three-month deferment of payment, which I would argue is not a holiday. For example, a coach operator with a number of coaches who is looking to avail of this temporary repayment holiday for three months will be charged €2,000 extra per coach. This would put a company such as that to the wall. Does ISME have a view on the banks not really providing a proper payment holiday and continuing to allow interest to accrue, which is unlike what is happening in other jurisdictions such as Portugal, Spain and Belgium under certain circumstances?
No comments