Liam Carroll saga proves NAMA won’t work

THIS week’s report into the lack of competitiveness in the economy made for grim reading against the backdrop of the financial pressures facing the country and the difficulties surrounding Liam Carroll’s crumbling property empire.

The National Competitiveness Council warned that unless we got our act together, this country could be facing a prolonged period of economic depression.

It was stark stuff from the NCC and for chairman, Don Thornhill, to warn we risked long years of economic depression if we did not resolve the issues dragging us down was gutsy for a man in a state job.