IRELAND’S DOUBLE DIP RECESSION COULD MAKE LIFE TOUGHER FOR NAMA
September 1st, 2010
BY DEIRDRE MASON
IF those responsible for the numerous 'ghost' and unfinished estates in the Republic of Ireland had been hoping that overseas property companies might be tempted to take them on, following a slight recovery in the Irish market, the news that Ireland has once more sunk into recession makes that now very unlikely for the foreseeable future. Last week official figures showed Ireland's GDP shrank 1.2% in the second quarter, following a brief economic recovery. It looks as if the country's National Asset Management Agency (NAMA), charged with dealing ...
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