Oireachtas Joint and Select Committees
Tuesday, 7 July 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Overall Fiscal and Monetary Position
Michael Collins (Cork South West, Independent)
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Many businesses, especially restaurants, cafés, hotels, pubs and taxis, all over the country are in ruin through no fault of their own. They did what was asked of them by the Government. They closed their doors to protect us. Now they are left with a bleak summer period. While we are all being told to holiday in Ireland to try to make up for the lack of tourists, this will in no way cover their losses from the pandemic.
In the little time available, will the witness tell me what breaks they are being given on loans they already had, aside from the three to six months moratorium? What help are banks capable of giving in future?