EU must not be found wanting in this economic crisis

Fiscal stimuli should prop up businesses with cheap loans, easing their cash flow and helping secure jobs

15th March, 2020
EU must not be found wanting in this economic crisis
What is needed in Ireland, and indeed in Europe, is a vast fiscal stimulus by governments right now to provide a lifeline to firms in difficulty

The last week has been the most dangerous period for the Irish economy since the dark days of September 2008, when the state was forced to guarantee the liabilities of the banking system, and the international bailout of the country in November 2010.

The havoc brought about by Covid-19 is, of course, firstly a health crisis. But it has become increasingly clear that it poses risks to the economy.

The resources of the state must be directed...

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