Fine Gael says EU may not approve NAMA

Fine Gael says there are serious question marks about whether the government’s NAMA plan will be approved by the EU.

The party says even if the NAMA bill is passed by the Seanad this week, it still has to pass state aid rules from the European Commission.

Fine Gael Senator Eugene Regan says since the EU does not approve of state aid for non-viable companies, Anglo-Irish Bank may be a sticking point