The Department of Finance has distanced itself from claims that Irish credit unions will need a bailout of hundreds of millions to save the sector from mounting bad debts.
A spokesman for the department told The Sunday Business Post that Minister for Finance Michael Noonan will be bringing forward a strategy to strengthen the sector within weeks, but that there were ways of addressing its problems without spending taxpayer money.
Fears that credit unions were...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team