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:
Road closures in place following incident in Hillberry area
Police response ongoing with Little Mill Road, Cronk-ny-Mona and Creg Ny Baa affected
£1 million National AI Office launched to coordinate artificial intelligence policy and adoption
NAIO to oversee strategy, guidance and skills development across public and private sectors
Confusion over cause of issues for IOM residents selling on Vinted
Manx users say they've not been able to use site for around a month
Peel Commissioners first to announce rate increases
Its general rate will be raised to 275 pence in the pound
Price of cod on par with sirloin steak, says chippy owner
Onchan chip shop speaks out on the cost of much-loved whitefish