Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Dr. Orlaigh Quinn:
I am happy to take the advice of the Central Bank. Obviously, there are many advices available. Clearly, the Central Bank officials do their analysis. Let us consider it in terms of liquidity for companies. We need to look at it in terms of the broad range of schemes in place. For example, €1.44 billion has been paid out in liquidity under the temporary wage subsidy scheme. We have paid out under the various business support schemes that we have. We will have to assess it. I do not believe we can come down on a definitive figure at this point because we have to wait and see how companies come back into the economy and when and how they need supports.
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