Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
When do the witnesses expect a decision to be made to not just engage with the credit unions, but to assist them with putting their €18.5 billion in assets into play in order to support businesses in their areas? They have a methodology for assessing and dealing with loans and they know their customers. There has been a great deal of talk about supporting micro-enterprises. Using the credit union movement is one sure way of getting money into the local economy. Do the witnesses have any idea when a decision will be made in that regard or when engagement might commence?
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