And we go live to the Dáil… | FT Alphaville


To later find out and compare with our BPN…

One very interesting revelation from the Irish finance minister in the Dáil at pixel time…

Nama, Ireland’s bad bank, will buy Anglo’s debt to the Irish central bank using Nama’s bonds “in a way that ensures there is no capital loss for the central bank”. (Emphasis ours.) That appears to be the core of the deal to extricate the bank from ELA. It also sounds like a government guarantee will be transferred over at the same time.

And we go live to the Dáil… | FT Alphaville

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