Selling off our rail service is no guarantee of success
Privatisation based on an ideology or on short-term gains for the state is not always the best option, says Colum Kenny
The sell-off of Eircom was ultimately a bad deal for small investors and for the state. Fears over a possible disposal of Irish Water have been widespread. And now the EU wants to privatise the services of an ailing Irish Rail.
Based on UK experience, the privatisation of Ireland's national railways could push up costs and not make life easier for commuters.
And new Irish postal codes may be the next privatisation gamble by ministers here, as the UK government is set to sell its address data for up to €1bn. But short-term gains are not everything.