Tuesday 21 November 2017

Pierre Moscovici to travel to Dublin to discuss Ireland's economic policy priorities

European Commissioner for Economic and Financial Affairs Pierre Moscovici REUTERS/Yves Herman
European Commissioner for Economic and Financial Affairs Pierre Moscovici REUTERS/Yves Herman

Colm Kelpie in Brussels

European Economics Commissioner Pierre Moscovici will travel to Dublin later this month to discuss Ireland's economic policy priorities.

The conclusions of Ireland's latest post programme surveillance mission was discussed by Eurozone finance ministers in Brussels today and progress was praised.

Mr Moscovici said he would travel to Dublin on May 26 for ''an exchange of views in the Irish parliament on the country's economic policy priorities and the 2015 country specific recommendations.''

''The legacy of the crisis continues to be felt, not least in the high levels of public debt,'' Mr Moscovici said, after today's meeting.

''That's why we strongly encourage the Irish authorities to proceed with the implementation of key structural reforms and to make he most of the benign economic climate and to proceed with the fiscal consolidation that remains necessary to keep public debt on a steady downward path,'' the Commissioner said.

Eurogroup chair and Dutch Finance Minister Jeroen Dijsselbloem said Ireland remained a ''strong example that financial assistance programmes can be a real success.''

''I would personally like to commend the Irish authorities and the Irish people for these positive achievements,'' Mr Dijsselbloem said.

Klaus Regling, the head of the European Stability Mechanism, Europe's bailout fund, said it was encouraging what was occurring in the banking sector in Ireland.

''It looks now as if all the money that the Irish government put into their banks during the crisis can be recovered, something that seemed to be unthinkable some time ago,'' he said.

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