Use state fund for the long-term investments

The cash pile is being prepared - and, no doubt, some of it will be committed in the run-up to the local and European elections in May.

26th January, 2014

The cash pile is being prepared - and, no doubt, some of it will be committed in the run-up to the local and European elections in May.

Last week, the National Pension Reserve Fund said it was selling down another €800 million of its assets - this time, equities. The fund, which was being held to pay pension bills way into the future, has already been run down massively to recapitalise the banks. Now, the...

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