Lenihan expected to begin NAMA media campaign

The Minister for Finance is said to be preparing to take the Government's NAMA plan on a major media road-show.

The Minister for Finance is said to be preparing to take the Government's NAMA plan on a major media road-show.

Brian Lenihan is expected to take to the airwaves this week to defend the scheme which has come under heavy criticism from academics in recent weeks.

The legislation establishing the National Asset Management Agency will be debated in the Dáil next month and is likely to go before a special Green Party convention before the junior coalition partner can sign-off on the final legislation.

NAMA is to take control of €90bn worth of loans from the banks at a discount rate; a strategy the Government hopes will clear the banks of risky loans to free-up lending.

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