Brendan Howlin: it makes no sense to use AIB cash to repay debt

Labour leader says he's working on new European rules on how states can use windfall cash

26th March, 2017

The state should postpone the imminent stock market listing of AIB until it secures European approval to use the proceeds for infrastructure investment, according to Labour Party leader Brendan Howlin.

He said he is working on proposals with other European socialist party leaders to alter the terms of the EU’s stability and growth pact so that countries can use windfall gains for investment rather than debt repayment.

Under EU rules, any money raised...

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