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Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: I appreciate that. It is clear. I wish to ask Dr. De Gascun about risk. I refer to the difference in the level of risk between 1 m and 2 m social distancing. Is the risk of transmission 1% for 2 m and 30% for 1 m? Is that Dr. De Gascun's understanding? Can he explain that to us?

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: Do the witnesses agree that it is 99% versus 70% or do they have a different level of risk for each-----

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: Of course.

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: I understand that.

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: It depends on how somebody coughs or sneezes and so on.

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: Is it riskier for me to be in 1 m contact with someone with Covid-19 who is wearing a face mask rather than 2 m away from someone with Covid who is not wearing a face mask? Which is riskier?

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: Let us suppose a person who had covid was wearing a mask and I was 1 m from the person. Is it fair to say it would be safer for me than the person who is not wearing a mask who was 2 m away from that person?

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: I want to discuss where many people are at this point. There is a belief that the restrictions may change in September. As Dr. De Gascun said earlier, we get more knowledge on the virus as time progresses. Will we have social distancing in our classrooms in December, January and February next year? Will that mean only eight children in the classrooms that used to have 24, 25 or 26...

Special Committee on Covid-19 Response: Reopening the Economy: Public Health Advice (9 Jun 2020)

Pearse Doherty: Does Dr. De Gascun believe that as we gain more experience or evidence of the virus this could possibly change and those social distancing measures for that cohort could change?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: Cuirim fáilte roimh na finnéithe. I thank the witnesses for coming before the committee and for all the work they do on behalf of their organisations. I would like to ask Mr. McDonnell about the Consumer Insurance Contracts Bill, which I proposed in this House. It was passed by the House six months ago and signed into law by the President, Michael D. Higgins, on St. Stephen's Day...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: Yes.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: I thank Mr. McDonnell. I would like to ask Mr. McCoy about the supports for business. We heard evidence earlier from both of our witnesses that we are way out of step with our European competitors. I struggle to understand why this is the case. If we do not get into step quite quickly, we are going to lose more jobs. Just this week, I was speaking to a company that employs 50...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: Am I right to say that neither ISME nor IBEC are involved in discussions with the Department on the legislation that will come before us in time?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: I refer to the State guarantee legislation and the microfinance Bill that is to come before us.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: And ISME?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: I find this astonishing because one of the things to happen soon is that, in the next 20 minutes, the Business Committee will be asked to waive scrutiny of that legislation, which would usually allow for ISME, IBEC and the Department to give their thoughts on it. Obviously, we all want to see that legislation passed as quickly as possible, but the fact there is no engagement with ISME or...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: I will now turn to the role of the banks in supporting the recovery and the temporary so-called holiday that is a three-month deferment of payment, which I would argue is not a holiday. For example, a coach operator with a number of coaches who is looking to avail of this temporary repayment holiday for three months will be charged €2,000 extra per coach. This would put a company...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: Cuirim fáilte roimh ár gcúirteoirí chuig an coiste. Does Dr. Quinn agree with the Central Bank's financial stability note published on 23 April on SME liquidity needs in which it outlined there were 282,000 SMEs employing 1.1 million people and that over the next three months their liquidity needs will range from €2.4 billion to €5.7 billion?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: I appreciate that. One of the key findings of the Central Bank financial stability note is that SMEs needing to cover their expenses over a three-month period require between €2.4 billion and €5.7 billion. Does the Department agree with that assessment? Does the Department have its own assessment on the liquidity needs of SMEs over the same period?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

Pearse Doherty: What is the total amount under the flagship loan schemes being made available by the Department? What is the total amount of liquidity that has been made available to SMEs?

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