SBP Editorial: Shadow over Project Eagle could undo any Nama success

25th September, 2016

To its supporters, Nama has managed to stabilise the property market and encourage inward investment while delivering a multibillion-euro profit. For others, however, Nama has mutated into an uncontrollable, unaccountable beast that has stifled residential development and allowed so-called vulture funds to raid land banks and loan portfolios at knockdown prices. So, just how will history judge Nama?

It emerged last week that Nama, which took over billions of euro of soured debt following the...

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