Nama has recouped an initial €425m from its exposure to the liquidation of former Anglo Irish Bank.

Concerns have been raised over the potential of the latest EU agreement to reduce Ireland’s debt to manageable levels and pave the way for a return to sovereign bond markets in 2013.

The troika is coming to a consensus on helping Ireland reduce its €3.1bn-a-year bill to pay off €30bn in promissory notes used to bail out Anglo Irish Bank, now called the Irish Bank Resolution Corp.