Seanad debates

Thursday, 23 July 2020

Credit Guarantee (Amendment) Bill 2020: Committee and Remaining Stages

 

10:30 am

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I do not wish to belabour the point. We have been clear that we support the Minister of State on this Bill today. It is important, however, to get the facts correct. I accept entirely that this scheme is not for the benefit of the banks.This scheme is for the benefit of SMEs and that is why we support it. To be absolutely clear, the banks will make money out of this scheme.

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