Fine Gael is calling on the Government to scrap plans to establish a National Assets Management Agency to buy up toxic debts from Irish Banks.
The party says too many disputes will emerge between developers and the agency over the value of properties purchased with these loans.
It says prolonged court battles could also push up NAMA's costs.
Fine Gael finance spokesperson Richard Bruton says a National Recovery Bank should instead be established to get credit flowing in the economy.
Fine Gael calls for scrapping of NAMA - Politics, National News - Independent.ie
NAMA is at the vanguard of the government's strategy to deal with the property pyramid scheme induced Irish banking crisis.
FG have nailed thair colours to the mast by rejecting the alternative Government and Labour proposals bail out property developers.
FG stands alone is proposing the establishment of a public owned good bank and letting the corrupt banks clear up their own mess without taxpayer subsidies.