Howlin says Government has no mandate for immediate AIB sale

Labour leader wants proceeds to be invested in infrastructure and capital projects

Michael Noonan is expected to push the button on the AIB sale as early as this week. Photograph: Paul McErlane/Reuters

Michael Noonan is expected to push the button on the AIB sale as early as this week. Photograph: Paul McErlane/Reuters

Labour party leader Brendan Howlin is calling on the Government to postpone the sale of a stake in AIB until European rules can be amended so that the proceeds of the flotation can be used for capital investment.

In an interview with Newstalk on Monday morning, Mr Howlin said “it is in the best interests of the Irish people” that the money is used to invest in roads, sewerage, houses and transport.

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