Government banks on politics of hope

Despite the government’s claim that Nama will rescue the country from its problems, the plan has the potential to end the tenure of Taoiseach Brian Cowen

1st August, 2009

For one of the most significant actions an Irish government has ever taken, an awful lot of the Nama project is built on hope.

Hope that it works. Hope that the state’s decision to become one of the world’s largest property holding and development companies pays for itself in the long term. Hope that the banks, having had their balance sheets cleaned up - and relieved of some of the burden of their toxic mistakes...

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