Leo Varadkar vs NAMA
Fine Gael TD Leo Varadkar decided to go for the comedy approach when dealing with NAMA on his website this week. He offered to sell NAMA his apartment for its Long Term Equivalent Value of €420K, despite it only being worth around €250K at the moment. Given that NAMA buys debts off banks and not property off people, I think he might be barking (deliberately) up the wrong tree, but it’ll prove a popular stunt to those who don’t understand NAMA at all. Irish politics at work, eh?
