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President Barroso welcomes Ireland's exit from its assistance programme

European Commission - MEMO/13/1149   13/12/2013

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European Commission

MEMO

Brussels, 13 December 2013

President Barroso welcomes Ireland's exit from its assistance programme

Today Ireland has exited from the programme of financial assistance put in place in 2010 by the EU and the IMF. Marking this important moment President Barroso said:

"I congratulate the Irish government and the Irish people for this achievement. Thanks to their efforts and sacrifices, Ireland will now be able to finance itself through its own efforts. Today's result would not have been possible without the solidarity and significant financial support of the other EU Member States. I would also like to pay tribute the efforts and contribution of the European Central Bank and the International Monetary Fund to the wide-ranging reform programme, which has now been successfully completed. I am proud of the efforts and contribution of the European Commission. We have stood by Ireland throughout, including through our insistence on the lengthening of maturities and on the reduction of the interest rate. Ireland's success sends an important message – that with determination and support from partner countries we can and will emerge stronger from this deep crisis."


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