Enda Kenny (Mayo, Fine Gael)

Under the IMF-EU deal, the Government is required to raise €2 billion in the programme for Government from the sale of State assets at an appropriate time. For that purpose the Government has set up the NewERA facility in the NTMA, which will determine the economic impact, as well as evaluating it and reporting to the Department of Public Expenditure and Reform and to the Minister. In due course, if the Government sees fit, it will make a decision about the sale of a State asset, or part of a State asset, in the best interests of the people and of the country. We have no intention of having a swift sale of State assets that creates "multi-billionaire oligarchs", as the Deputy calls them, in the country.

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