The viability of many Irish businesses, particularly those that restructured during the financial crisis, is at risk if the European Central Bank moves to raise interest rates, according to the professional accountancy body, ACCA.
The ACCA's technical director, Aidan Clifford, said even a modest increase in interest rates could result in business closures, particularly in the SME sector. Clifford said the debt-to-equity structure of some businesses will not withstand the increased repayments and businesses are...
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