Permanent TSB sale
Senator Gilroy praises the Permanent TSB transaction and related financial measures as evidence of investor confidence and improving public-finance management.
In addition to giving vent to my frustration with the hypocrisy on the other side of the House, I want to welcome-----
Comment on this
-----the good news, which has not been commented upon in the House, that of the €1.2 billion sale of Permanent TSB.
Comment on this
It demonstrates the good management of the public finances by the Government. It is a vote of confidence in the country that international investors would see fit to pay full market value for what we borrowed and paid two years ago for the company. All told, it represents a €8 billion commitment which we will receive from international investors in transactions managed by the State or entities controlled by the State. In addition to the deal we got on the promissory notes last week, it is a sign that on a macroeconomic level at least we are going in the right direction. I compliment the Government on this and hope the Opposition would refer to good news now and again.