Mr Varadkar said Ireland's economic picture is “very bad” with the economy “put to sleep” as a result of the spread of the disease. This comes after Mr Varadkar warned the country is facing into an “economic emergency” due to the coronavirus crisis. One source said Mr Varadkar told the leaders of political parties that the Covid-19 virus has “done as much damage as the banking crisis”. “He told them to suspect sudden sharp shocks to the economy and said this was now an economic emergency,” the source added. Another source said: “Varadkar said we are facing an economic emergency”.

Source: Irish Independent April 02, 2020 18:06 UTC