daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > European Forums > UK & Ireland Architecture Forums > Projects and Construction > Irish Architecture Forum

Irish Architecture Forum Architecture, Planning and Transport on the Island of Ireland

Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Thread Tools
Old July 31st, 2011, 07:53 PM   #1
Registered User
odlum833's Avatar
Join Date: Sep 2007
Location: Dublin
Posts: 10,031
Likes (Received): 2126

Developers could get debt forgiveness

Report: NAMA enters debt forgiveness talks with developers

31/07/2011 - 12:18:47
It has been reported that NAMA is entering debt forgiveness talks with a number of property developers.

The Sunday Times has reported that around €37.5bn worth of loans given by banks to these developers will never be recovered.

This means the developers will escape from up to 60% of their liabilities.

In order to qualify, the developers will have to co-operate fully with the agency.

Karl Deeter of Irish Mortgage Brokers has said the taxpayer is being hit with a huge bill.

Read more: http://www.breakingnews.ie/ireland/r...#ixzz1ThcfO6LI

Taxpayer screwed again. That's unbelievable really (if true). There was a programme on RTE last year IIRC in which one of these "poor" developers was telling the Irish people how tough it was to be getting by on "€1.2 million a year" - the viewers, needless to say, were stunned.
Ireland forum is here

odlum833 no está en línea   Reply With Quote

Sponsored Links
Old July 31st, 2011, 09:57 PM   #2
belfastuniguy's Avatar
Join Date: Aug 2006
Location: Belfast
Posts: 20,152
Likes (Received): 7428

You're surprised why? NAMA was NEVER going to be able to recover all that was owed, anyone that believed such a thing is not living in reality.
Anyone that lives within their means suffers from a lack of imagination - Oscar Wilde

:: Northern Ireland Forum : Republic of Ireland Forum ::
belfastuniguy está en línea ahora   Reply With Quote


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity

All times are GMT +2. The time now is 10:42 AM.

Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu