Cowen warns of frozen economy

Ireland will be condemned to a frozen economy if the State’s new ’bad bank’ isn’t set up, Brian Cowen warned today.

Tue, 15 Sep, 2009 - 16:58

Ireland will be condemned to a frozen economy if the State’s new ’bad bank’ isn’t set up, Brian Cowen warned today.

The Taoiseach insisted the planned National Assets Management Agency (Nama) was the only way to tackle the banking crisis head-on.

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