We do not understand.
While legislation is putting forward in Ireland to mop up the mess in the commercial property loan department, we learn that bas assets will be bought up to 90 bln euro worth of property loans. In Ireland? That is huge. Well, an estimated 25 bln EUR is lent by Irish bank on commercial property projects in south-east England.
Wrong sector. Wrong island.
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While legislation is putting forward in Ireland to mop up the mess in the commercial property loan department, we learn that bas assets will be bought up to 90 bln euro worth of property loans. In Ireland? That is huge. Well, an estimated 25 bln EUR is lent by Irish bank on commercial property projects in south-east England.
Wrong sector. Wrong island.
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