ESB plans leave taxpayer short
Published 15/09/2011 | 11:37
Energy Minister Pat Rabbitte's plan to sell a minority stake in the ESB threatens to leave the Irish taxpayer with the worst of both worlds.
In truth, yesterday's announcement was the absolute minimum that Mr Rabbitte could have got away with.
With the Government committed to raising €2bn from the sale of state assets under the terms of last November's EU/IMF bailout, there was no way that the ESB could have been completely excluded from the forthcoming car boot sale if the Government was to meet its target.