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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