Third of bad loans 'linked to outside deals'

One third of the bad loans being rescued by Irish taxpayers are linked to risky property deals located outside the state, it was claimed today.

Wed, 08 Apr, 2009 - 20:50

One third of the bad loans being rescued by Irish taxpayers are linked to risky property deals located outside the state, it was claimed today.

The National Asset Management Agency (Nama) is buying up a total of €90bn in original borrowings from Irish banks but their current value is not known.

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