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Sale of state assets defies logic: McDonald

19 January, 2012 - by Mary Lou McDonald TD

Responding to the Troika’s review of the EU/IMF Programme for Ireland Sinn Féin Deputy Leader Mary Lou McDonald TD described the government’s drive to sell off the last of the state's wealth as defying logic.

Deputy McDonald said:

“It is now crystal clear that the sale of state assets is a policy being pursued by the Fine Gael and Labour and not one enforced on the government by the Troika.

“Similarly the Troika has stated that the Croke Park Agreement is a matter for the government and not for the EU or IMF. If government was serious about containing the state’s public sector pay bill it would once and for all tackle senior management’s runaway pay and pensions instead of looking to lo- paid workers' increments.

“Selling off successful self-financing commercial state companies such as the ESB and Bord Gáis makes no sense in good times or in bad. Instead of flogging off the last of the state’s wealth for a quick buck government should make commercial state companies part and parcel of the solution to creating jobs and delivering growth.

“The myth that privatisation and deregulation brings improved competitiveness and efficiencies has well and truly been debunked over the last four years. State control of strategic assets is central to the future prosperity of the economy and society. It defies logic that any island government would actively seek to sell of its export routes or energy markets.


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