Thursday September 24, 2020

This is not a time for caution if we want to secure future of jobs

The credit guarantee scheme is too little, too late for the economy to escape the worst of the Covid-19 fallout

6th September, 2020
Even before this economic shock, banks have struggled to convince companies to borrow. Picture: iStock

In the next few days, the long-awaited credit guarantee scheme will finally be launched, providing a potential lifeline for many companies battered by the coronavirus pandemic in the past six months.

The €2 billion loan plan will not be the panacea for the problems of all Irish businesses. In fact, taking on new borrowings may not be what some companies want at all. If evidence of that were needed, data released by the Central Bank...

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