Monday June 1, 2020

Donohoe’s rescue package needs clarity and no red tape

If the demand for this €6.5 billion rescue plan is as weak as for the government‘s earlier efforts, the foundations for a rebirth of the economy may not exist

10th May, 2020
Minister for Finance Paschal Donohoe unveiled his rescue plan for struggling firms. Picture: Collins

After an excruciatingly long wait for business owners, Minister for Finance Paschal Donohoe last weekend finally unveiled his rescue plan for firms struggling to remain afloat due to the response to Covid-19 pandemic. His €6.5 billion package was universally anticipated, broadly welcomed but widely critiqued, in some instances unfavourably.

More support will be needed, and some elements of what was announced remain unclear, but the package should be welcomed as an important step in the...

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