Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Mr. Frank O'Connor:

I might pass over to my colleague. Of course, for us they are big balance sheet numbers but what is important - and the Deputy alluded to the 1,500 people employed in the sector - is what impact it would have on the economy, not on the gross balance sheet size. We can come back to the committee a little bit more on that, but seeing as Dr. Cassidy from the Central Bank is here, he might want to comment himself.