Mark Fielding, chief executive of ISME, said the debts were large, but manageable.
the director of the Central Bank, that about half of the 50bn of SME debts in the banks are in some level of distress, so the alarm bells really should have started to ring at that point," said Mr McGrath.
"The total SME debt would be about 57bn; 32bn of that would be non core property debt, so the other 25bn would be of normal overdrafts and loans," said Mr Fielding.
"We know from last year, the statement from Nike Kyrie 1 Finish Line
Prof Kelly estimated the scale of Nike Zoom Lebron Soldier 7
The expert said a proper stress test of Irish banks by the ECB later this year could result in a large part of the economy being "wiped out".
Fianna Fil's finance spokesman Michael McGrath urged the Government to treat the matter with more urgency.
Firms could be 'wiped out in new bust'
"It's only getting a fraction of the attention that mortgage debt is getting, but about three quarters of the people working in the private sector are working for SMEs, so 700,000 800,000 people work everyday in SMEs, so we need to deal with this."
economic crisis triggered by a wave of businesses forced to go bust.
"We just hope that during the stress tests the Nike Lebron 11 Christmas Shoes other 32bn will be managed over a period of time, which will leave the SME sector OK in the long term."
the debt hang over for SMEs from the burst property boom was between 25bn and 32bn as he raised fears that the ECB was poised to bring the matter to a head.
However, opposition parties insisted that the Government was not doing enough to address the situation.
Ministers have been accused of ignoring the threat of a new Nike Lebron 12 Low Wolf Grey/White-dark Grey-hot Lava
Social Protection Minister Joan Burton accused the UCD professor of taking a pessimistic view, but said his report should be studied.
Morgan Kelly, the first economist to predict the scale of the Irish financial crash, warned that moves by the European Central Bank to "clean up" around 32bn in bad debts owed by small and medium sized firms (SMEs) could plunge the country back into disaster.
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