Ireland faces significant job losses and economic shock, Finance Minister warns

Banks have agreed to introduce a payment break of up to three months for customers who cannot pay their mortgage.

The Republic of Ireland faces significant job losses and an economic shock due to the Covid-19 pandemic, the Finance Minister has said, as he introduced a suite of measures to help bank customers.

Paschal Donohoe was speaking as the five main banks agreed today to introduce a payment break of up to three months for customers who cannot pay their mortgage.