Ireland may need limited access to the new European Union Covid-19 rescue package to help fund the wage subsidy scheme and help support companies in difficulty, Minister for Finance, Public Expenditure and Reform Paschal Donohoe has said.
Last night European Union finance ministers agreed a €500bn rescue package to combat the coronavirus pandemic following a breakthrough in negotiations.
Speaking on RTÉ's Morning Ireland, Minister Donohoe said he is resolutely confident Ireland can create a new economy and create new services to recover and move forward, but added: "we have a journey ahead of us".
He said the new welfare supports will be monitored and may need to be strengthened to aid the recovery as 200,000 workers access the wage