Oireachtas Joint and Select Committees
Tuesday, 7 July 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Overall Fiscal and Monetary Position
Colm Burke (Cork North Central, Fine Gael)
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Does Mr. Makhlouf not accept that the Central Bank has a role in this regard?
All the evidence shows that there is no reduction in salary. There is also clear evidence from the employers that they are stable companies and that there will not be any redundancies or cutbacks in the pay of the employees, but the banks are still not allowing the drawdown. As I said, I have seen sales collapse as a result.