Memo: European Commission report concludes progress on fiscal, economic and structural reforms in Ireland

The European Commission publishes its staff assessment following the fourth review of the EU and IMF-supported financial assistance programme for Ireland, carried out in Dublin from 11 to 20 October 2011.

The report concludes that important progress has been made in the areas of fiscal consolidation, strengthening of the domestic financial sector and growth-enhancing structural reforms, as requested by the Council of Ministers (implementing Decision 2011/77/EU). This paves the way for the third instalment of €4.2 billion in European funding to Ireland in January 2012.