The Finance Minister is meeting with bank bosses today to discuss how to help people during the coronavirus outbreak.
A major surge is expected in bad loans as many businesses go under and homeowners struggle to pay their mortgage.
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Last night, the Taoiseach addressed the nation and said the emergency could last into the summer.
It’s understood there could be plans for a three month freeze on mortgages and business loans for those that need it.
Fergal O’Brien from IBEC believes the Government needs to treat this as seriously as the bank bailout.
