Tensions grow between state and banks over lending

Serious tensions have built up between the government and the banks over the lack of funding being made available to borrowers, despite the implementation of the government’s €440 billion bank guarantee scheme.

8th November, 2008

Serious tensions have built up between the government and the banks over the lack of funding being made available to borrowers, despite the implementation of the government’s €440 billion bank guarantee scheme.

Senior politicians have been flooded with complaints from businesses which have been hit as banks cut credit availability across the board in a bid to restore their damaged balance sheets. Many personal borrowers have also found it difficult to access finance.

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