Monday 5 December 2016

Brendan Keenan: An inefficient semi-state is something we just can't afford

Published 21/04/2011 | 05:00

THEY call it "selling the family silver", but there is not much that gleams in the state assets covered in the McCarthy Report.

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At the very least, the residue of decades of comfortable monopoly would have to be scraped off most of the state companies before there is any prospect of selling them. How that could be done without enormous industrial unrest and political controversy is anyone's guess.

In fact, the task given to the group by former Finance Minister Brian Lenihan was not simply to advise on the sale of state assets. It was to report on how the assets "could be better deployed or disposed of to support economic recovery" -- a much wider remit.

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