Setting up the National Asset Management Agency (Nama) was never going to be easy. But as we get closer to seeing some €80 billion of property loans transferred over to the state, we are in real danger of entering a new kind of moral hazard.
Having the taxpayer purchase developers’ loans from the same bankers who lent out the money in the first place, is unpalatable. Without it, the banks will go under and therefore...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team