Nama to repay Euro seven point five billion Euro by the end of next year
“This is a commitment under the country’s agreement with the troika and is important in terms of investor perceptions of Ireland,” Mr. McDonagh said.
Ireland’s beleaguered construction sector represented just six per cent of the entire value to the economy last year, compared with 23pc during the heady days of the building boom in 2006.
This is €7.5bn of Irish bank debt going to pay international banks in the main German for losses incurred by Anglo and other banks.
If these foreign banks lost the money through bad deals, should we be handing over this money to them?
Posted on October 1, 2012, in IMF/ECB and tagged Banks, Bhagavadgita, Brendan McDonagh, Business, Debt, Dublin, Financial Services, Greenwich Connecticut, Ireland, Irish, Irish Independent, NAMA, National Asset Management Agency, Politics, Seán Dunne (businessman). Bookmark the permalink. Leave a comment.