Coillte sale ‘crucial’ to troika plan

The European Central Bank is still under the impression that the Irish forestry body, Coillte, will be privatised as part of the troika programme for government.

In a response to a query in relation to the proposed sale of Coillte, the director of the European Central Bank secretariat, Pierre Van Der Hagen said that releasing any data could harm a future sale of the state company.

Mr Van Der Hagen said that the Coillte privatisation was a crucial part of the EU/IMF bailout programme agreed to by Ireland.