Noonan blasts new NAMA business plan

THE new NAMA business plan highlights the “massive risk” involved for taxpayers, Fine Gael finance spokesman Michael Noonan has said.

The document proves that the draft business plan, published last year, had been a complete fantasy, Labour finance spokeswoman Joan Burton said.

NAMA is relieving the banks of circa €81 billion of property and development loans in an effort to clear their balance sheets of risky debt and restore them to health.