Monday 11 December 2017

More state asset sales on the way

Yesterday's announcement of a €3bn programme of state asset sales by the Government is likely to prove to be the opening move in a process which will see most of the semi-state sector and other state-owned assets privatised over the next few years.

In truth, yesterday's announcement was about the least the Government could have hoped to get away with if it wasn't to draw the wrath of the EU/ECB/IMF "troika" down on its head.

The sale of a minority stake in the ESB is off the agenda for now with only unspecified "non-core" generating assets set to be sold.

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