CORK Worker’s Party councillor Ted Tynan, has said that the government’s decision to sell off a minority stake in the ESB was a “sell-out of workers and taxpayers by the Labour Party and a craven surrender to the diktats of the EU / IMF deal”.
Cllr Tynan said, “Far from being a solution to the country’s economic ills, the sale of a key stake in the state electricity company was another example of implementation of far-right policies that would further destabilise the country and put thousands of people out of work.
“He said that such policies were par for the course from Fine Gael but represented a total abandonment of any semblance of left wing policies from the Labour Party and a betrayal of Labour members and supporters.
“The government seem to be under the impression that craven surrender to the capitalist masters who run the EU is going to save the economy.
“Instead they are selling off a significant part of one of Ireland’s family jewels, a company that helped develop Ireland from an backwards agricultural backwater in the 1930s to a modern country.
“Without the ESB there could have been no Celtic Tiger and selling it off will remove one of the lifelines that could help re-float our economy.
“Once part of the ESB is sold it will be gone forever and the temptation to sell of the rest of it will be strong if the cash injection does not, as I predict, help the economy rise.
“We can currently see the sharks circling Aer Lingus, once our national flagship airline and I predict, sadly, that the ESB will be targeted in the same way.
“Labour have now decided to let the same speculators and asset-strippers who have destroyed our economy pick on the bones of our economy by starting a sell off of our state companies like the vultures they are.
“I would still however call upon the Tánaiste Eamon Gilmore to pull back from this decision and to develop the backbone in government that he promised to have when in opposition.
“Once the government’s signature is on the ESB’s death warrant it will be too late and Mr Gilmore should think long and hard before putting his signature on that document”, he said.