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Raising Capital - Ireland’s forests are up for sale

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May 14, 2013

Ireland is the EU's model crisis country. Taoiseach Enda Kenny's austerity measures seem to be working. But unemployment is still drastically high and many people say the Troika is holding the Irish in a stranglehold. In exchange for financial aid, Ireland has to generate its own new capital. Now the government wants to sell logging rights for state forests to international investors.

Is desperation making Ireland sell the family jewels?

Report by Gerhard Elfers.

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