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Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: This is Darby O'Gill economics.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Will the Deputy explain how will I pay for this?

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: I do not wish to protect anyone.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: I wish to protect our country.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: This is old tosh.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: I invite the Deputy to give me some positive ideas.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: The Deputy has not one idea.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: It is affected by the sovereign, unfortunately.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Excellent.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: That is nonsense.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Deputy Healy should send me the proposal and I will have it costed.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Enough of the rhetoric.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: The farmers' land.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: We can if the Deputy wants to.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: The only decision the Government has made on the sale of any State assets, having taken months to ask each line Department to look in detail at the McCarthy recommendations, and beyond it to their own view so we could have an agenda for rational decisions in the interests of the State, is to sell a minority share-holding in ESB. The second decision we made was to ask a structure we set up to...

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: The Deputy is confused and I will explain to him in a moment.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Deputy Fleming has asked a number of important questions. Let me try to explain. We are dealing with the sale of State assets and the restructuring of the banking system as two distinct processes.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: Let me explain. I do not know if the Deputy wants to hear the explanation or not. The Government made a strategic decision to seek external funding for the banking system. I commend the officials of the Department of Finance, who did extraordinary work throughout the summer to get that private sector investment into the banks. The week before that strategic investment was made the...

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: We will do that as well.

Sale of State Assets: Statements (13 Oct 2011)

Brendan Howlin: We are testing that now.

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