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:
MiCard users advised to take money out before the end of the year
Cards are 'hardwired' to stop working from 1 January
'Nothing else could have been done' to save some small fish at Clypse Reservoir
Manx Utilities confirms some died during draining process
'Come back to the table,' says DOI minister
Bus drivers on the IOM have voted in favour of industrial action
Consultation seeks feedback on changes to IOM first time buyer schemes
Proposals include adjusting thresholds and reducing residency requirements
Yellow weather warning for coastal overtopping
The west most likely to be affected