The monumental failure and national shame that Irish Water represents and stands for shows no sign of going away.
Now, concerns have been raised by the European Commission regarding the financial stability and viability of the company.
Officials in Europe fear that Irish Water may not pass the crucial corporation test. The outcome of this test will determine whether or not the utility can function independently, i.e. remain outside of the Government’s ledgers.
On foot of massive public backlash, the Government issued an ‘improved’ set of water charges, and capped it at €160 for a set period of time. But because of the prospect of such reduced revenue, the European Commission thinks that there is little chance of Irish Water working independently and financing itself.
If Irish Water fails to pass the corporation test, the Government may drop the so-called ‘water conservation grant’ and roll ahead with a full suite of crippling charges.
The Government created an insidious monster when they conceived Irish Water, and it is a monster that will eat its creator’s flagging life from the inside out.