Galway Bay fm newsroom - Galway West TD Noel Grealish has called for the establishment of an agency similar to NAMA which would be used to bail out businesses which have suffered revenue losses as a result of the coronavirus pandemic.
Addressing Taoiseach Leo Varadkar at the Dáil this week, Deputy Grealish said Irish business and taxpayers bailed out banks at the cost of more than €100 billion in the last recession - and it's now time for the SME and hospitality sector to be supported in return.
The Independent Deputy said if small businesses cannot re-open due to cash flow problems caused by Covid-19, thousands of people will be without work in the long term.
He continued to ask the Taoiseach to consider reducing the 2 metre social distancing rule to 1 metre, in order to allow businesses in the hospitality sector to operate more efficiently.
