Micheál Martin (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 254: To ask the Minister for Public Expenditure and Reform if the European Commission has agreed to allow a portion of profits from the sale of State assets to be invested in job creation; and if he will make a statement on the matter. [4777/12]

Brendan Howlin (Wexford, Labour)
Link to this: Individually | In context

As I have already informed this House, in our discussions during their recent mission to Dublin, the European Commission/ECB/IMF Troika signalled that, in the context of the Government pursuing an ambitious programme of asset disposals, they would be prepared to agree to the retention by the Government of a sizeable amount of the proceeds generated from such disposals for reinvestment in job creation initiatives in the economy. However, the actual amounts or proportions involved remain to be agreed within the context of a final agreement on the overall scale and composition of the programme to be pursued. When this is finalised, the House will be fully briefed on these matters.