THE agency responsible for funding the State has warned that a No vote will cut off the State from borrowing at an affordable rate.The National Treasury Management Agency's stark advice is a rejection of the No campaign argument that the €700bn European
NAMA has taken legal action to try to reverse a controversial €20m sale of Chinese property shares to developers Johnny Ronan and Richard Barrett.The National Asset Management Agency (NAMA) has filed papers with the High Court in Dublin seeking to revers
No decision on the possible sale of Coillte's standing forests will be taken until a full valuation of the State body's assets has been completed, the Minister for Agriculture, Simon Coveney, told the Dáil last week.Minister Coveney said a valuation of C
THE National Asset Management Agency will ask the Commercial Court next week to order insolvent developer Treasury Holdings to provide security for costs of its forthcoming challenge to the agency's decision, calling in loans of more than €1bn and appoin
THE former Anglo Irish Bank snubbed a request from Finance Minister Michael Noonan to hit its top earners with pay cuts, it emerged yesterday.Irish Bank Resolution Corporation (IBRC), which has been given more than €29bn by taxpayers, told Mr Noonan that
AIB is set to use its massively-overvalued shares to pay a €280m dividend to the State instead of using hard cash -- but the Department of Finance last night insisted the move would have no impact on the national accounts or finances.The bank, which is 9
Despite poorer outlook, Government expects to get deficit down to 8.3pc of GDP this year without further budgetary measuresThe Department of Finance yesterday almost halved its economic forecasts for 2012 but insisted that Ireland remained on track to be
DEVELOPMENT firm Treasury Holdings has succeeded in its High Court bid to bring a challenge against the National Asset Management Agency’s decision to appoint receivers to some of the company’s property assets.The decision was based on Treasury arguments
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