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Thu 09 Sep 2009'Least worst' option Nama is the only game in town
ANALYSIS:I am convinced the price of EU support was Nama. The Government cannot change such basic ground rules
IT IS only in the past few weeks that a proper debate on the National Asset Management Agency and (non-polarised) alternatives began to emerge. The most interesting suggestion put forward was that by Brendan Dowling and Dermot Desmond – that another guarantee be provided, this time on bank loans instead of deposits. Unfortunately, it is now much too late in the day for radical change, and it is a pity that these suggestions were not put forward much earlier.
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