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Economy - 'Ireland still has work to do'

THE European Commission has warned the Government against complacency and said more progress is needed as public debt remains high and the financial sector is still vulnerable.

The body said difficulties remain which require "specific monitoring and decisive action".

The comments coincided with the visit to Ireland by European Commission President Jose Manuel Barroso (right), who gave an address at University College Cork last night where he was conferred with an honorary degree. "We are on the right track but we still have some way to go. It is crucial that we stay the course and keep up the pace of structural reform to ensure our future competitiveness," he said.