Developers focusing on deals abroad
With Ireland a lost cause for at least a decade, the Nama boys are building their empires elsewhere, writes Ronald Quinlan
Published 27/06/2010 | 05:00
"No, we're not putting the debt of a single developer on the back of anyone. We're chasing developers to the ends of the earth."
Minister for Finance Brian Lenihan in an interview on RTE1's 'Primetime', March 30.
THE boys are already in Brazil. They're also in Switzerland, Italy, Qatar, China, the United States and the UK. Take it as read that the boys want to be anywhere but Ireland right now. For as far as the developers are concerned, this country is a lost cause for at least the next decade, and possibly even longer.