Friday 30 September 2016

Peter Robinson's evolving view of Nama over the years

Published 08/07/2015 | 02:30

Northern Ireland First Minister Peter Robinson has categorically denied any link to the Project Eagle sale
Northern Ireland First Minister Peter Robinson has categorically denied any link to the Project Eagle sale

Northern Ireland First Minister Peter Robinson has categorically denied any link to the Project Eagle sale. His view on Nama appears to have evolved over the years.

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Back when Nama was being set up, the DUP leader warned against a fire sale of its Northern Ireland assets.

He feared the "potentially damaging effect on the property market" if the Dublin banks were forced to offload their Northern assets in any fire sale. That "would depress the value of property still further", said Mr Robinson. By September 2013, however, he was claiming that if Nama's assets in the North could be "liberated then there is no doubt that they could play a major role in creating jobs in the construction sector and getting our economy moving".

Once Cerberus closed its deal for the Project Eagle portfolio, Mr Robinson called it "excellent news".

Irish Independent

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