Central Bank of Ireland Financial Stability Report

According to the Central Bank of Ireland's Financial Stability Report for 2006, risks in the Irish financial system, including rising debt levels, have increased since last year but the industry is robust enough to cope with shocks.

In the annual report the bank said concerns over strong credit growth and rising indebtedness identified in its 2005 report had combined with higher repayment burdens and continuing uncertainty over the outlook for house prices in Ireland's booming property market

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