Decision published 9th April 2010.
I am presently awaiting the EU statement which will be available under the case number N725/2009 in the State Aid Register on the DG Competition website once any confidentiality issues are resolved. I will post a link here as soon as it becomes available. Here is the EU Statement announcing the decision.
Of note from the Statement is that the NAMA loans including rolled up interest are now being talked about as €80bn and not €77bn and also we have confirmation for the first time that only 5 banks have applied to be included in NAMA by the deadline of 19th February, 2010 – they are
Anglo Irish Bank, Allied Irish Bank, Bank of Ireland, Irish National Building Society and Educational Building Society
Of note also is the reference to oversight on individual loan transfers – perhaps Senator Regan has gotten a concession after all!
This is a day we will remember as the day we were all sold into financial slavery and the day Irish Independence was lost be the treachery of our own government
This government will go down as the most hated in history, and the greens have destroyed any hope of promoting the green agenda for the next generation
Machholz
I no longer recognize the authority of this government over me or my family
Machholz,
Just to emphasise the point. John Gormley came out with enthusiastic support for NAMA this morning claiming that FG would do no different – see link below. I wonder if they’ll have anything to say about that. I suppose the one redeeming factor appears to be the oversight the EU will have of substantial individual loans. There may be other fine detail which will appear in the Decision itself and I will keep you posted.
http://www.irishexaminer.com/breakingnews/ireland/gormley-no-alternative-to-nama-447819.html
Our national financial independence is now lost and our own corrupt government have sold us out to their real bosses the international bond holders.