Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

Does Mr. Makhlouf not accept that the Central Bank has a role in this regard?

All the evidence shows that there is no reduction in salary. There is also clear evidence from the employers that they are stable companies and that there will not be any redundancies or cutbacks in the pay of the employees, but the banks are still not allowing the drawdown. As I said, I have seen sales collapse as a result.

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