Irish governor discusses credit conditions

honohan-patrick

Patrick Honohan, governor of the Central Bank of Ireland, today (March 2) opened the central bank's conference on the Small and Midsize Enterprise (SME) lending market.

Trends in credit for SMEs was the topic of the conference. Honohan spelt out the grim situation clearly. "The picture cannot be said to be favourable," he said. "Credit conditions for SMEs are tougher in Ireland than anywhere elsewhere in the euro area both in terms of cost and availability."

The governor said the banking system

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