Leading Economist Warns of ‘Tsunami Effect’ of Bankruptcies When COVID-19 Supports Are Withdrawn for Irish Businesses
A leading economist has warned of a “tsunami effect of corporate bankruptcies” when the Irish government rows back on COVID-19 support for businesses, the Independent.ie reported. Chief Economist at the Institute of International and European Affairs Dan O’Brien said pandemic supports have created a situation where bankruptcies have dropped while the economy suffered, but added that this is not sustainable.
Irish petrol and diesel suppliers say consumers here are not at risk of the shortages being experienced in Britain, which the industry says is largely due to a lack of truck drivers within the U.K. and panic-buying, the Independent.ie reported. Industry group Fuels for Ireland said on Sunday that there will be no interruption to the supply of petrol, diesel and home-heating oil in Ireland.