Greens set to vote in favour of NAMA

THE Green Party leadership is confident of securing members’ support for NAMA when they meet next month to vote on the issue.

It came as weekend reports suggested the Government will pay €60bn for the €90bn of loans which NAMA will take from the banks in a bid to cleanse their balance sheets of risky debt.

That would represent just a 33% discount, when many independent analysts have been arguing for a “haircut” of at least 50%.