Central Bank says even higher debt levels could be sustainable
Mark Cassidy, the bank’s director of economics and statistics, has outlined two scenarios: one with the economy reopening as now, the other in which the state must respond to a second wave of Covid-19
The government’s balance sheet will have a black hole of more than €23 billion and potentially higher at the end of the year, according to the Central Bank of Ireland.
Given the unprecedented economic shock the country has suffered due to the pandemic and associated public health measures that’s hardly surprising, but it‘s a stark reminder of damage caused nonetheless.
Launching the bank’s third quarter bulletin, Mark Cassidy, the...
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AIB financial targets will be met by closures and 1,500 job cuts
The bank, which is 71 per cent owned by the Irish taxpayer, may also be looking towards acquisitions, one of which is the wealth management company Goodbody stockbrokers which it formerly owned
Brian Keegan: Businesses deserve a reward after such a tough year
It’s clear from the November exchequer returns that Irish firms have been doing the right thing throughout the coronavirus crisis
Credit guarantee: The money’s there, but where is it going?
With very little of the €2 billion credit guarantee cash having found its way to stricken companies, some are speculating that the banks are too busy dealing with underperforming loans to lend cash to firms