Special Report: No easy road for Nama to break even

No one organisation can deliver adequately to so many masters across so many fronts, writes Richard Curran.

6th January, 2013
'It seems highly unlikely that Nama will make a profit.'

Most of the publicity around Nama relates to its enforcement actions against developers. Is it going in too hard? Is it going in hard enough? But the primary driving force in whether the agency recovers the €32 billion it paid to the banks for loans lies elsewhere. What it does with developers it can't work with affects perceptions of fairness, but what it does with the rest of its portfolio will ultimately decide whether the...

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