National Asset Management Agency

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National Asset Management Agency

Irish government agency

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Ireland
The debt crisis and beyond
…the necessity to establish a National Asset Management Agency (NAMA) to bail out the insolvent Irish banks, which had persisted in making grotesquely extravagant and imprudent loans to property developers. The burden of rescuing the banks dramatically escalated the national deficit. So strained were Ireland’s resources that in November 2010—even…
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…the necessity to establish a National Asset Management Agency (NAMA) to bail out the insolvent Irish banks, which had persisted in making grotesquely extravagant and imprudent loans to property developers. The burden of rescuing the banks dramatically escalated the national deficit. So strained were Ireland’s resources that in November 2010—even…
Read More