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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Two-metre rule and 14-day entry quarantine to remain for now. Ministers eager to scrap travel limit and allow return of staycations

Michael Brennan | 22 hours ago

The biggest care home groups are increasing controlled by global funds, while family-owned groups are taking on investors or getting out of the business altogether

Róisín Burke | 1 day ago

Fans across the globe are feeling the loss of sport due to Covid-19. But it’s obviously far tougher for the athletes, who know all too well that sometimes careers don’t end in glory: sometimes they don’t even end in competition

Barry J Whyte | 1 day ago