‘Make more of Euro bank’

Ireland should make more use of the European Investment Bank in the battle to get more credit flowing to private enterprise and the SME sector, in particular, according to Department of Finance chief John Moran.

Addressing the International Corporate Restructuring Summit at the Convention Centre in Dublin yesterday, Mr Moran said calls for such things as a national or public development bank are technically unnecessary as we essentially have one already in the form of the EIB, and we should use it more.

Mr Moran was named as a director of the EIB earlier this year.