Irish banks should move their excess bank assets to a special purpose vehicle to make them viable, according to NCB Stockbrokers. In a report prepared for the government, NCB said between €70 billion ($99.48 billion) and €100 billion ($142 billion) of loans should be moved to the SPV and losses on them should be shared by banks, the government, certain bondholders and the European bailout fund. The report, however, warned that fire sales of assets would result in even heavier losses.

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