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Ellis raises concern over sale of state assets

15 March, 2011 - by Dessie Ellis TD


The Sinn Féin TD for Dublin North West Dessie Ellis this evening raised concerns over the proposed sale of up to €2 billion in state assets by the new Government. Deputy Ellis was speaking during a debate on the new Programme for Government.

Deputy Ellis said: “One of the planks of the IMF plan as we have seen in Greece has been the wholesale sell off of state assets. I note with deep concern that in this Programme for Government the Labour Party have apparently signed up to Fine Gael’s plan for the sell off of ‘non-strategic’ state assets. Of course they provide no detail on what precisely are non-strategic assets. However I have no doubt that this is a plan for Privatisation.

“The programme for government states that they will sell off up to €2 billion of state assets. Given that the most recent figure that I have seen for the value of the public entities under review by the McCarthy group was €10 billion that gives some indication of the scale of what we are talking about here.

“The programme also states that the government will be guided in relation to any sale by the McCarthy report. Given that this report, which is due to be presented imminently, is widely expected to recommend a large scale sale of state assets, that is not much of a comfort to those who make use of the services of ESB and Bord Gais or to their employees.

“Professor McCarthy is also likely again to recommend the sale of Coillte in whole or in part. So despite the programmes commitment to merge Coillte and Bord na Mona, the 7% of this state’s land under Coillte’s control is by no means safe.” ENDS

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