30 Deputy Emmet Stagg 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 estimated that the banks are expected to be forced to write off up to €45 billion of these loans over the next two years; his proposals to inject capital into the system if required in order that the guarantee on credit institutions 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. [38832/08]

Summary

30 Deputy Emmet Stagg 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 estimated that the banks are expected to be forced to write off up to €45 billion of these loans over the next two years; his proposals to inject capital into the system if required in order that the guarantee on credit institutions 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. [38832/08]

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• Debt Levels.

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