Troika okays up to 50% of State assets sale for job creation26/04/2012 - 15:46:34
Up to 50% from sale of State assets could be used in job creation, after the troika agreed to increase the proportion from one third.
The Taoiseach has confirmed the amount of money from the sale of State assets used to create jobs "could be" as high as 50%.
Ireland has successfully met all of its targets under the latest review of the bailout deal and the next round of funding is now secure.
Enda Kenny said Europe now realised that fixing the Irish economy was about more than budgets and deficits.
"The significant change is also that concession has now been given that government could start investing from the immediate sale of the proceeds, rather than having to wait until the end," he said.
"I think that the conclusion of the discussions between the Troika and Ministers now reflects the changed attitude that there is in Europe."
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