Eurozone needs a Nama to survive

Eurozone needs a Nama to survive
Olli Rehn, EU economics commissioner: could a continent-wide, Nama-like mechanism cure the eurozone of its sickness? Photo: Bloomberg

A eurozone-wide Nama would drive interest rates down and alleviate investor worries - and could also turn our fortunes around, writes John Looby.

The crisis in the eurozone shows no sign of abating. Two weeks after the latest EU summit, the prospect of a new fiscal compact, greater ECB intervention and EU treaty change being successfully choreographed to deliver a definitive resolution to the crisis is being met with widespread scepticism.

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