Sean Barrett (Independent) | Oireachtas source

I ask the Leader to arrange a debate on the macro financial problems illustrated in the Central Bank report today, particularly in the property sector. The loan to values from 80% to 95% are running far in excess of what they were in the past decade. This is what the 80% loan to value proposal from the Central Bank was designed to correct. The 20% deposit which would be the remainder is opposed by people in the property sector and in financial services. There is a warning in The Irish Timestoday, referring to the United States, from Paul Krugman, the Nobel prize winner, where the people who brought the economy to its knees are seeking the chance to do it all over again. I ask that early in the next session the Minister for Finance, Deputy Michael Noonan, come to the House to debate these issues.