Thursday 8 December 2016

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.

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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.

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