County Tipperary Chamber - Doing Business In County Tipperary
  • Home
  • Who We Are
    • History
    • Meet Our Board
    • Our Mission Statement
    • About Tipperary
  • News
    • 2017 Business Awards Nominees >
      • Award Nominee - ABP
      • Award Nominee - Acorn Regulatory
      • Award Nominee - Bourke Sports
      • Award Nominee - Brodeen Engineering
      • Award Nominee - CAMIDA
      • Award Nominee - Cashel Blue Cheese
      • Award Nominee - Clancy Construction
      • Award Nominee - Crocanoir
      • Award Nominee - Danny Ryan Music Shop
      • Award Nominee - Duggan Veterinary
      • Award Nominee - EMTS Training Solutions
      • Award Nominee - Fethard Horse Experience
      • Award Nominee - Forget me Not
      • Award Nominee - Home Instead Senior Care
      • Award Nominee - Horan Automation
      • Award Nominee - Inspire Me
      • Award Nominee - Jennys Kitchen
      • Award Nominee - Longways Cider
      • Award Nominee - MORRISON BMW
      • Award Nominee - OEE Systems
      • Award Nominee - Surecom
      • Award Nominee - Tadgh O'Flynn Jewellers
      • Award Nominee - THE COTTAGE LOUGHMORE
      • Award Nominee - The Fayre
      • Award Nominee - Tipperary Boutique Distillery
      • Award Nominee - Tipperary Racecourse
    • Read Our Newsletter
    • Sponsor Our Newsletter
    • Gallery
    • Chamber Video
  • International Trade
    • Brexit and Certs of Origin- Chamber Update
    • Brexit Loan Scheme
  • Chamber Member Directory
  • Events
    • Chamber Networking Event
    • County Tipperary Skillnet Courses
  • Blog
  • Contact

County Tipperary Chamber Welcomes ECB Action to Support Economy Through Threats of Brexit and COVID-19

11/12/2020

0 Comments

 
The action taken by the ECB is welcome news. This injection of funding will help maintain liquidity and the low interest rates which are available to Eurozone member states like Ireland, allowing us to support our high level of public service, employment supports, and economic stimulus programmes through this period of straitened fiscal returns.
This move by the ECB highlights the strength of being part of a strong, dynamic and collaborative community of nations which take concerted, collective action when faced with problems that exceed the capacity of individual members to manage. While some believe that even greater resources could have been made available, County Tipperary Chamber welcomes ECB’s President Lagarde’s commitment to making further PEPP credit available should such an expansion be needed. This boost in liquidity will provide support for essential government spending that will help minimise the economic impact and financial burden on households and businesses.
The policy of supporting banks through the lending of money to them at negative rates, conditional upon them continuing to lend money to businesses and consumers, will also reinforce the resilience of the Eurozone. This unprecedented support from the ECB highlights the key role that the EU has to play in supporting member state economies as they reckon with turmoil caused by exogenous, external factors which harm our wellbeing.
In light of the deepening divisions which have emerged over the last few weeks during the EU/UK trade negotiations there is a hard, and probably chaotic, Brexit looming in January. Even if a minimal trade deal is agreed this week there will be a dramatic effect on the Eurozone economy, an effect which will be most deeply felt in Ireland. In the best-case scenario, businesses here that trade with, or source supplies from, Britain are going to experience a level of disruption which has not been seen since World War II.
 
Today’s announcement will ensure that even if Britain leaves on World Trade Organisation terms, the cost of the deficit borrowing that Ireland is likely to need next year should not be detrimental to the long-term sustainability of our public finances.”
0 Comments



Leave a Reply.

    Archives

    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    October 2020
    September 2020
    July 2020

    Categories

    All

    RSS Feed

site map


  • Home
  • Who We Are
  • News
  • International Trade
  • County Tipperary skillnet
  • Chamber Members
  • Events
  • Blog
  • Contact

Location


County Tipperary Chamber of commerce

Questum Acceleration Centre,
Ballingarranne Science & Technology Park, Clonmel, Co. Tipperary,
E91 V239

Contact Us


Email
CEO@countytipperarychamber.com

Call
0526126500

    Subscribe TO OUR NEWSLETTER Today!

Submit
Clonmel Chamber Of Commerce CLG t/a County Tipperary Chamber Of Commerce - Registered business-110743
​REGISTERED BUSINESS ADDRESS: Questum Acceleration Centre, Clonmel, Co. Tipperary, E91 V329
Copyright © 2016 - County Tipperary Chamber
Picture
Picture
  • Home
  • Who We Are
    • History
    • Meet Our Board
    • Our Mission Statement
    • About Tipperary
  • News
    • 2017 Business Awards Nominees >
      • Award Nominee - ABP
      • Award Nominee - Acorn Regulatory
      • Award Nominee - Bourke Sports
      • Award Nominee - Brodeen Engineering
      • Award Nominee - CAMIDA
      • Award Nominee - Cashel Blue Cheese
      • Award Nominee - Clancy Construction
      • Award Nominee - Crocanoir
      • Award Nominee - Danny Ryan Music Shop
      • Award Nominee - Duggan Veterinary
      • Award Nominee - EMTS Training Solutions
      • Award Nominee - Fethard Horse Experience
      • Award Nominee - Forget me Not
      • Award Nominee - Home Instead Senior Care
      • Award Nominee - Horan Automation
      • Award Nominee - Inspire Me
      • Award Nominee - Jennys Kitchen
      • Award Nominee - Longways Cider
      • Award Nominee - MORRISON BMW
      • Award Nominee - OEE Systems
      • Award Nominee - Surecom
      • Award Nominee - Tadgh O'Flynn Jewellers
      • Award Nominee - THE COTTAGE LOUGHMORE
      • Award Nominee - The Fayre
      • Award Nominee - Tipperary Boutique Distillery
      • Award Nominee - Tipperary Racecourse
    • Read Our Newsletter
    • Sponsor Our Newsletter
    • Gallery
    • Chamber Video
  • International Trade
    • Brexit and Certs of Origin- Chamber Update
    • Brexit Loan Scheme
  • Chamber Member Directory
  • Events
    • Chamber Networking Event
    • County Tipperary Skillnet Courses
  • Blog
  • Contact