Fine Gael to seek cut in NAMA size

FINE GAEL is seeking a major reduction in the size of NAMA in order to “protect the Irish taxpayer” and prevent the creation of a huge monopoly.

It also wants the introduction of safeguards to prevent manipulation of the property and banking markets, said Senator Eugene Regan, Fine Gael’s Senate justice spokesman.

In a new submission to the European Commission, Mr Regan has outlined steps that can be taken by the Commission to prevent the creation of a monopoly and serious distortion of competition in the Irish property and banking markets.