Minister Leo Varadkar : Ireland “in receivership”

RTE’s website carried a story yesterday about cancellations in Dublin’s transport building program . The article said that it was now “ [by] no means certain that any of the major transport projects for Dublin will be built in the next five years “. The report’s first paragraph reads:

“Transport Minister Leo Varadkar said the country is in receivership and it is by no means certain that any of the major transport projects for Dublin will be built in the next five years.”
The accompanying RTE News report does not include a full quote or a reference to where and when the government minister said that Ireland was “in receivership”.

Leo Vardaker has been accused in the recent past of being gaffe-prone in his public statements on the economy . In May he drew sharp criticism for suggesting that Ireland was "very unlikely" to resume its borrowing in 2012 and might need a second bailout. Blaming the media for "spinning" his words at the time , he said that when it comes to commenting on such matters in future he would be more careful.

http://www.rte.ie/news/2011/0902/transport.html