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Ferris calls on Government to reject report on sale of state assets

20 April, 2011 - by Martin Ferris TD

Sinn Féin Spokesperson on Natural Resources Martin Ferris has called on the Government to reject the McCarthy report on state assets and liabilities. The report recommends a massive sale of state companies in whole or in part, including the sale of Coillte forestry and unforested land.

Deputy Ferris said

“It comes as no consolation to be proven right with regard to what this report was going to recommend. Sinn Féin will join with others in strongly opposing this and we will be putting pressure on the government to not only reject the report’s recommendation of a sale of over €5 billion but also abandon its own plan to sell €2 billion.

“It is also noticeable that the state will be responsible for the ‘restructuring’ of public companies before they are sold off. Restructuring of course will mean cuts in wages and sackings. It will also mean an increase in prices for the public and a worsening level of provision of services.

“Contrary to statements from the government that the proceeds from the sale will go to fund job creation, the report recommends that they go to pay off the debt. In other words generations of public investment will be thrown down the black hole of the bank bail out.”

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