Author (Person) | Smyth, Jamie |
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Series Title | Financial Times |
Series Details | 23.8.12 |
Publication Date | 23/08/2012 |
Content Type | News |
Irish businesses face among the highest rejection rates for loans in the eurozone, according to a new report by the Irish Central Bank published in August 2012. The report prompted critics to claim Dublin’s €64bn rescue of its banks was not benefiting the wider economy. The report showed a quarter of applications for loans or overdrafts by small and medium sized businesses were being refused – the second highest rejection rate behind Greece, which had seen loan rejection rates surge to more than 40% as the eurozone crisis intensified. |
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Countries / Regions | Ireland |
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