A (sort of) farewell from the Troika

By Economics Correspondent Seán Whelan According to the European Commission, NAMA has sold 7,000 individual properties, raising €10 billion in the process.  It has also pulled in €4 billion in rent from its property roster.  And it has repaid (redeemed) 25% of the €30.5 billion in NAMA bonds it issued to the banks to buy their commercial property assets. NAMA was the centrepiece of Government efforts to restructure the Irish banking industry.  It allowed the banks to quickly “delever” – …