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Tag Archives: NAMA

When in Dublin, do as the Greeks do

There were scuffles this evening outside Dáil Éireann as a protest march passed. They were protesting against the Government’s plans to inject millions of euro in the banks of the state. They were calling for the money to go to job creation and so on instead. Note the Éirígí flags. They have another protest planned [...]

The estimated cost of NAMA

€54,000,000,000 Fifty-four thousand million euro. It is estimated that the National Asset Management Agency (NAMA) will pay €54 billion to the banks for property-related loans with a face value of about €77 billion. The Minister for Finance, Brian Lenihan announced yesterday in the Dáil that the Irish State would receive a discount of an average [...]