The Chief Minister says the Sefton Group bailout is one aspect of a much larger picture.
Alan Bell says the G8 is meeting in June and the top issue they're dealing with is tax evasion.
From the summit, he expects there to be greater pressure on the Isle of Man.
With that economic backdrop, he says it would be extremely damaging if the Sefton Group collapsed:
Former chief minister calls for balanced approach to climate change action
Howard Quayle says achieving net zero must not bankrupt the nation
Play 'just as important' for a child's development as technology
DESC says digital devices are just one part of a much broader learning experience
Manx passport applications moving online
Support will be available while those who can't use online service can still use paper forms
Enterprise minister 'recognises access to cash is important'
Case for measures to meet unmet need being kept under preview