Saturday August 15, 2020

The Inquisitor

EU’s Nama conditions save us from ourselves

27th February, 2010

As the debate about the National Asset Management Agency (Nama) raged last year, critics of the scheme suggested that the state would pay too much money for the loans it would buy in an attempt to avoid nationalising the banks. Well, it’s official. The critics may not have been right about everything, but they got that one spot on. The EU has saved us from ourselves.

Last week the European Commission approved the...

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