Economist predict Ireland likely to be offered new bank guarantee amidst Covid-19 crisis

Ireland, as part of a coordinated approach with the eurozone, will likely be offered some sort of bank guarantee to respond to the Covid-19 fallout, such is the exceptional nature of the crisis, leading economists have said.

Dermot O’Leary, chief economist at Goodbody, said a national support package could likely involve two parts like has happened elsewhere — with fiscal measures from the Government, as well as guarantee of loans in the banks.