AIB confusion overshadows Noonan exit news

Dáil passes Labour motion aimed at delaying sale of stake in bank

Michael Noonan, Minister for Finance. Picture: RollingNews.ie

On the day that he announced he would be stepping down from Cabinet,Finance Minister Michael Noonan had to deal with a new controversy over his plans to sell a 25 per cent stake in AIB later this summer.

A Labour Party motion blocking the bank’s sale until the Government secured EU approval to use the proceeds for infrastructure investment, rather than to pay down debt, was passed in the Dáil this afternoon.

Opposition ...