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Updated 9.10am
THE NATIONAL ASSET Management Agency (Nama) has announced that it is paying off all of its taxpayer guaranteed, senior debt three years ahead of schedule.
The agency will repay the final €500 million in the coming weeks meaning it will have paid off over €30 billion of government-backed debt since it was issued in 2010 and 2011.
Minister for Finance Paschal Donohoe said repaying the debt ahead of schedule was a testament to the strength of the Irish economy.
This is a remarkable achievement and a landmark day in Ireland’s recovery from the financial crisis, which every day we leave further behind.
The agency’s chairman Frank Daly said it reflects “enormous progress” but added that Nama’s work isn’t finished as it still needs to maximise the return on its remaining portfolio of close to €4 billion.
Nama still holds €1.6 billion in unguaranteed debt which is owed to investors including AIB and Bank of Ireland.
That is expected to be fully repaid in March 2020 after which Nama is expected to leave a surplus for the State which is currently projected to be €3 billion.
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And wee Jeffrey still says NO! Whatever happens, the DUP will never take second billing.
@Richard Starling: anything that annoys the shinner vermin is fine with me. Surely it’s time for a hunger strike lol
Still a No so Jeffrey, there’s a surprise
What a charade! We rail about the lack of democracy in tin-pot dictator countries, while there is none on a part of this island!
The DUP are the infants that need to grow up and start doing their jobs.
@Todd Hebert: The DUP are not being petulant or immature imo. As I see it, they’re fastidiously implementing a strategy of stalling and ultimately destroying the GFA. Since it negotiations and through the entire life of the GFA, the DUP have never lived up to the GFA and they have no intention of ever living up to it. Their vote increased by .8 in the last election so they have a mandate and they’re looked after by British establishment. What is Ireland’s role? We should push for border polls imo
They are good at talking, I’ll give them that!
Cut their wages and they’ll be back in 24hrs
Can’t believe this is still going on. Bunch of big children.
So there’s still work to be done. By whom? I’d say the DUP!
Anything that upsets the shinners is fine with me
@Murray peter: Explains why your lot bow down to the Orange Order.
@Rob Cahill: what’s wrong with the wonderful orange order?
@Murray peter: What a sad wasted life you must lead.
@Murray peter: being a bigoted sectarian throw back to bygone era is enough.
@M Bowe: that perfectly describes you shinner subhumans lol
Please walk away from this mess instead of Dancing to the DUPs Tune, because they will ultimately want new Elections before they go back to Stormont.
If SF really want to pish them off, take up their seats in Westminster!
@Temp Stuff: that would mean s kum fein would have to do some work, no chance of that happening lol
@Temp Stuff: Do you really expect SG MPs to take an oath of allegiance to the Crown?
Do you really think their electorate would want them to do that?
@ItWasLikeThatWhenIGotHere: SF, not SG.
My typing is getting worse.
I’d have the DUP over the disgusting shinners any day
@Boris Blank: how about neither.Those two will never agree anyway.Maybe a few moderates from each of them and a combination of the Alliance SDLP UUP and anybody else that wants to see a future.
@Boris Blank: literally anyone is more desirable than the shinner vermin
@Murray peter: largest party on the island
@Comzi Walsh: only decent thing a shinner ever did was starve themselves. 10-nil to the Iron Lady lol
Israel/Palestine and Russia/Ukraine peace talks would be easier than trying to get the DUP to accept that there’s going to be a Nationalist First Minister. That’s been the issue all along. The Protocol was and is only a handy cover for their bigotry. The DUP only like democracy when it suits them. They don’t like when democracy gives them the answers they don’t like. They will never change, most of them don’t even believe in evolution, they’re stuck in the 1690’s and the modern thinkers of theirs still think it’s the 1920’s. They’ll never be pleased.
Peter Murray! Yeah your right,you a blue shirt!pretty much the same as the DUP!you remember the blue shirts Peter?
@Blaney Richard: thank you for the compliment :)
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