Minister of State Brian Hayes hopes to have details on every building, every piece of land and every table and chair owned by the State to be online by the beginning of next year.
Public Expenditure and Reform Minister Brendan Howlin told an Oireachtas committee that “optimal conditions do not exist” for disposing of the government’s 25 per cent stake.
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
The Irish Timber Council, representing the country’s sawmills, says that the entire industry is at risk from the proposed sell-off of harvesting rights on Coillte forests.
The government is keen to use all of the money from the sale of State assets in “one shape or another” to fund job creation initiatives but the Troika appears more focussed on reducing the debt.
The Public Expenditure and Reform Minister said that negotiations with the Troika had yielded such an agreement with the other half of the money being leveraged for further stimulus measures.
The latest memorandum of understanding between Ireland and the Troika also states for the first time that money raised from the sale of State assets can be used for reinvestment in the economy.
CONTROVERSY HAS RAGED following a decision by President Michael D Higgins to decline an invitation to attend a church service alongside Queen Elizabeth to mark Northern Ireland’s centenary is a political move.
Unionists and the Alliance Party have asked for clarity after it emerged that Michael D Higgins would not be present at the event in Armagh next month.
The service has been titled as ‘marking the centenaries of the partition of Ireland and the foundation of Northern Ireland.’
He told reporters in Rome that what had started out as an invitation to a religious service had, in fact, become a political statement.
Partly sunny with a brief shower or two
Max: 16 °C
Min: 11 °C
Partly sunny
Max: 17 °C
Min: 10 °C
