98 Deputy Joan Burton asked the Minister for Finance if his attention has been drawn to the fact that outstanding Irish bank loans to property developers within Ireland only, were estimated to be €86.7 billion in June 2008 and that expert commentators estimate that the banks are expected to be forced to write off up to €45 billion of these loans over the next two years; if there is a proposal within his Department to inject capital into the system if required in order to ensure that the bank guarantee is not called in; if he has set a limit on the amount of capital that the State would be prepared to inject into the banking system in such a scenario; and if he will make a statement on the matter. [39049/08]

Summary

98 Deputy Joan Burton asked the Minister for Finance if his attention has been drawn to the fact that outstanding Irish bank loans to property developers within Ireland only, were estimated to be €86.7 billion in June 2008 and that expert commentators estimate that the banks are expected to be forced to write off up to €45 billion of these loans over the next two years; if there is a proposal within his Department to inject capital into the system if required in order to ensure that the bank guarantee is not called in; if he has set a limit on the amount of capital that the State would be prepared to inject into the banking system in such a scenario; and if he will make a statement on the matter. [39049/08]

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Timeline

1. 6 November 2008

   Financial Institutions Support Scheme.

   98 Deputy Joan Burton asked the Minister for Finance if his attention has been drawn to the fact that outstanding Irish bank loans to property developers within Ireland only, were estimated to be €86.7 billion in June 2008 and that expert commentators estimate that the banks are expected to be forced to write off up to €45 billion of these loans over the next two years; if there is a proposal within his Department to inject capital into the system if required in order to ensure that the bank guarantee is not called in; if he has set a limit on the amount of capital that the State would be prepared to inject into the banking system in such a scenario; and if he will make a statement on the matter. [39049/08]

   Source: written

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• Financial Institutions Support Scheme.

  xml · EN · 6 November 2008

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• Joan Burton · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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