It seems that the financial eyes of Europe and beyond are firmly locked on NAMA, tentatively watching its evolution and keenly hoping for success.  As reported in the Irish Times, Guy Monson, the chief investment officer of London-based wealth management firm Sarasin Partners, speaking to a group of private investors in Dublin, suggested that NAMA is seen as ‘road testing’ a flagship model of addressing long term problem property loans.  “People are looking to see if an economy as flexible as Ireland can manage to make these challenges… I think the model is brave and bold, and there are a lot of people in the international community who would like to see it succeed”.

Given the recent discussions on whether the fundamental assumptions underpinning NAMA are at all realistic, it is debatable if this sort of close scrutiny is at all positive.