State pushes Nama to sell while Ireland is still in fashion
Some 80 per cent of portfolio must be sold by 2016, but despite the rush, the government is denying it's a fire sale.
Ian Kehoe
When is a fire sale not a fire sale? The decision by the government to instruct Nama to sell 80 per cent of its portfolio by the end of 2016 at the earliest is a carefully crafted decision that assimilates both political and economic opportunism.
In one fell swoop, the government has told its megalithic bad bank to put almost Euro 10 billion in loans and assets on the market over the next two and a half...
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