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:
'Incredible' Island has no strategy for its territorial waters, says MHK
Julie Edge says plans for a Manx Marine Spatial Plan are 'better than nothing'
Mooir Vannin project a 'once in a generation opportunity', says Ørsted
Offshore windfarm developers say it could lead to 10-15% reduction in electricity bills on-Island
Could you become a Poppy Appeal volunteer?
Royal British Legion Isle of Man branch needs your support
Dad has 'mixed feelings of guilt' following incident on Mountain
Glen Campbell is trying to raise £1,500
