Micheál Martin (Cork South Central, Fianna Fail)

In fairness to the Minister for Finance, he was very emphatic about it. He said that the figures were better than on track. He said that the Estimates were broadly correct, as defined by the outgoing Government. The Taoiseach rightly mentioned the agreement with the troika. Central to the ongoing certainty mentioned by the Minister for Finance yesterday will be the revised agreement with the troika, which I believe has been published today. Page 16 of that report states that it is important that we make effective use of our State assets, and where appropriate, dispose of them, to help reduce our Government debt.

This is a new, clear commitment to privatisation. Given that the Cabinet will have had to agree this document, how is it that the Minister for Communications, Energy and Natural Resources, Deputy Rabbitte, who controls many of the State's most valuable assets, was able to state categorically in a national media interview on 24 April that he would not dispose of State assets merely to write down debt? Has the traditional Fine Gael ideology won the day? Or has the Government performed yet another U-turn that it hoped people would not notice?

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