Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Mr. Sebastian Barnes:

Deputy Colm Burke is absolutely right. It is important that businesses that are solvent but facing liquidity problems as a result of the Covid crisis are helped by the banks or the Government or both working together. It is very important that we do not have unnecessary long-term damage done to the economy where viable businesses run by able people that provide good services are sacrificed because of a lack of liquidity.