Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 02 Feb 2010Government's Nama plan gets green light from EC
Minister for Finance Brian Lenihan has said the process of transferring loans from banks to the National Assets Management Agency will start within weeks after the European Commission approved the scheme.
The commission decision that the plan to set up Nama was in line with guidelines governing state aid in the union paves the way for the agency to take charge of €54 billion in property assets from the Irish banking sector.
Choose a Subscription type - required
