Monday 20 February 2017

The power bidding will be a slow, reverse FG-FF auction

Published 10/03/2016 | 02:30

Fianna Fail's Micheal Martin. Photo: Arthur Carron
Fianna Fail's Micheal Martin. Photo: Arthur Carron

Normally politics is a bidding game aimed at getting those sticky fingers on the levers of government power quickly before the other crowd do it.

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But today we are facing into a 'Dutch auction' for those levers of government in this process of coalition-making, where the scattering of Dáil numbers has made things extremely difficult.

With a tip of the hat to our good neighbours in the Netherlands, the term 'Dutch auction' is too often these days confounded with a regular auction. At its simplest the Netherlands version is a 'reverse auction', in which the price on an item is lowered until it gets a bid resulting in a sale, in or about the reserve placed on the item concerned.

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