Tuesday 6 December 2016

Just like Irish Water, Nama is fast losing the confidence of taxpayers

Published 16/09/2016 | 02:30

Anouska Proetta-Brandon takes part in an anti-Nama protest in 2009. Ministers believe a large chunk of the public have never had confidence in Nama. Photo: Gerry Mooney
Anouska Proetta-Brandon takes part in an anti-Nama protest in 2009. Ministers believe a large chunk of the public have never had confidence in Nama. Photo: Gerry Mooney

As the contents of the Comptroller and Auditor General's report into the sale of Project Eagle were laid bare at Wednesday's Cabinet meeting, the eyes of several ministers glazed over.

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As one Fine Gael figure present put it afterwards: "I felt a real sense of déjà vu. It was like Irish Water all over again."

Indeed, the controversy that has engulfed Nama and the sale of its Northern Ireland loan book shares at least some of the hallmarks of the Irish Water debacle.

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