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Wed 09 Sep 2009Financial institutions should be left to manage their own delinquent assets
OPINION:IN JOINING the Nama debate we all must consider what we need to put in place to help restore Ireland’s prosperity. What does Ireland need to do to promote jobs and promote development? We have wasted opportunity. One resource we still have is intellectual capital. We need to start using it, writes DERMOT DESMOND
We need to consider what sort of banking system will facilitate growth and development. If we don’t, then we will all be fighting over an ever-shrinking cake. Ireland needs at least three competing banks, otherwise good businesses and good projects will be starved of funds with the consequential loss of jobs.
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