Irish survival rate for firms from Covid-19 highest in EU

Significant government supports behind low failure rate here compared with other European countries

Massive government supports introduced during the Covid pandemic meant Ireland had the lowest rate of business failure of any EU country, according to new official statistics.

This was reversal of its position from the financial crash more than a decade ago when it was among the worst member states for liquidations.

The State’s response to Covid saw massive taxpayer-funded supports for workers, small business and households, whereas the previous financial crisis saw taxes hiked, real ...