Troika will force sale of €2bn in state assets

THE state will be forced to sell off more than €2 billion of state assets by the troika when they finish their latest assessment of whether the country is meeting its bailout conditions, Labour Minister Pat Rabbitte has said.

The indications are that the EU, ECB and IMF will find that the country is complying with the austerity terms and meeting the targets, he said, but there were a number of decisions to be made on the sale of state assets.

There are red lines in terms of what the government is prepared to sell off, he said, and these include keeping a majority interest in the ESB and the Dublin Port.