The issue of the state retaining its shareholdings in the Irish banks has long been controversial. Given its investment in the institutions effectively constitutes state aid, the state is therefore required to sell its stakes at some point. However, the government has made it clear it will not sell unless it can achieve the right price, as otherwise it would be forced to crystallise hefty losses. It is a tense debate. Clearly, the state is not in the mood to be a panicked seller. However, the very presence of the state on the share register dampens investor sentiment and drags…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.