Market woes increase problems

So much has changed since Brian Lenihan, the Minister for Finance, announced estimates last September of how much the state was likely to end up paying in bonds to purchase property loans from banks.

27th February, 2010

So much has changed since Brian Lenihan, the Minister for Finance, announced estimates last September of how much the state was likely to end up paying in bonds to purchase property loans from banks.

With the National Asset Management Agency (Nama) plan approved by the EU Commission last week, the controversial solution to Ireland’s commercial property collapse can proceed.

Just five months ago, Lenihan indicated that Nama was likely to pay up to...

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