The economic cost of war is looming for the state, warns Paschal Donohoe

Russia’s war in Ukraine could put pressure on the government to continue supporting Irish businesses if the national economy takes a hit.

Finance Minister Paschal Donohoe warned on Monday that there will be a “cost” for Ireland, including “indirect ripple effects” from our trading partners, while the Governor of the Central Bank (CBI), Gabriel Makhlouf, said the bank may need to update its assessment of “potential size”. of the problem of insolvency” in view of the high uncertainty caused by the war.

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