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 McNamara (Clare, Independent)
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Is the Governor similarly concerned that a proper assessment is not being carried out on the reasons SMEs have been unable to make repayments on borrowings and whether they have been particularly affected? Business people have told me that, effectively, they have had no business for the past number of months but they have a very good track record of repaying borrowings and yet are being treated as if there is no particular reason and they are defaulting almost for the sake of it without an analysis being done of the underlying conditions of the market.