Oireachtas Joint and Select Committees
Tuesday, 30 June 2020
Special Committee on Covid-19 Response
Impact of Covid-19: SME Recovery
Mr. Derek Butler:
What the Deputy is seeing is a gradual withdrawal of confidence from the system. When we see banks starting to withhold mortgage approvals, it is the very start of the withdrawal of confidence in the economic system. To go back to a number of points the other representatives made, liquidity concerns beget solvency concerns and-----