Prolonged banking crisis pushes viable businesses to brink

THE prolonged instability in Irish banking is pushing many viable businesses to the brink and the Government needs to act in next week’s budget to prevent unnecessary business closures.

Actions by the banks are causing enormous psychological and business pressure across the whole spectrum of business, accountants Moore Stephens Nathans have informed Finance Minister Brian Lenihan in their pre-budget submission. Their claims are based on experience with their broad spread of clients.

They have suggested the minister should use the budget to tackle these serious issues that threaten to close countless businesses if left unchecked.