Oireachtas Joint and Select Committees

Tuesday, 9 June 2020

Special Committee on Covid-19 Response

Reopening the Economy: Supports for Business

Dr. Orlaigh Quinn:

Obviously, I take the advice of the Central Bank very seriously. The liquidity needs vary depending on the business, when it opens and the position it is in when it does open.

In Ireland we certainly have a strong number of companies that do not borrow from the banks. We would be unusual at EU level on that basis. Mr. Hughes has just described some of the supports we are putting in place. Clearly, they are in place to support companies.

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