Eamon Gilmore (Dún Laoghaire, Labour)

-----or what will be the contribution to the Irish economy to have Government bonds used to buy up property abroad. We know the amount of bad debt is estimated to be €80 billion to €90 billion. I want to know how much of that is represented by properties abroad. I want an explanation on why the Government is going to use Government bonds, backed by the taxpayer, to buy up these apartments. This appears to be news to the Minister for Community, Rural and Gaeltacht Affairs, Deputy Ó Cúiv.

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