Monday September 21, 2020

Letters to the editor

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24th April, 2010

{ "b" : "Nama must chase debts"}

Much attention has focused on the larger-than-expected haircut on the €81 billion in bank loans going into Nama. However, this haircut amounts to a scalping for taxpayers, as it means that developers will walk away from residual debts of €36 billion if Nama merely breaks even over the next decade.

Accordingly, Nama’s mission must be to collect as much of the haircut as possible - every unpaid billion euro is,...

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