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!