Markets News Afternoon: Labour Party says NAMA discount should be 50%; Shares rise in Europe and US; Dollar down - gold up
Sep 8th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; Labour Party Spokesperson on Finance Joan Burton, said today that there are several fundamental problems with the proposed legislation on the "bank bank," the National Assets Management Agency (NAMA). One is valuation, in Section 58, and the second is the awesome powers given to the Minister for Finance in the Bill.