Alan Kelly believes it will be a couple of months before EuroStat issues its ruling on the so-called 'market corporation test'.
If Irish Water fails the test, its debts will be considered part of the government's – which could have an impact on austerity measures.
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Minister Kelly has told the Dáil the government has given all the documentation it can, and it is now just playing the waiting game.
“This is a closed process and it is awaiting the final adjudication…genuinely deputy, I can't give you a date” he said.
“I would expect it in a couple of months, I can't give you a date – it is a closed process and it is a matter for them to make that announcement” he added.
