Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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Mr. Barnes maintains the macroeconomic outlook is one that is quite different from that when we were in the financial crash. Will he accept, however, that the microeconomic difficulties are there to a far greater extent because of the debt burden being carried by the SME sector arising from that crash? Accordingly, its ability to recover after Covid-19 is will be far more difficult and will require far greater funding.