Fianna Fáil Leader Micheál Martin TD has welcomed the European Commission’s Report on the progress of the Programme of Assistance for Ireland.

Deputy Martin said: “It is clear from this report that Ireland’s economic prospects are in a much better and stronger place today as a result of the resolute action taken by Fianna Fáil, despite trenchant opposition from Fine Gael and Labour to every initiative aimed at tackling the economic crisis.

“This report vindicates the approach taken by Fianna Fáil in Government, taking the tough, but correct decisions early in the crisis in an effort to tackle the deficit and restore economic progress.   

“The European Commission says Ireland is showing a gradual return to growth, led by the performance of our export sector and that Ireland is ahead of target in reducing the deficit below 3% by 2014.  The exchequer figures are broadly on target with the figures outlined in Budget 2011 and the yields on Irish bonds are continuing to come down.

“Every measure brought forward by Fianna Fáil to stabilise and improve the public finances in recent years was opposed tooth and nail by Fine and Labour, using the most irresponsible and reckless language.  Both parties vehemently opposed all of the steps necessary to arrest the crisis that engulfed our economy and society, and chose instead to undermine confidence by describing the country as ‘banjaxed’ and ‘an economic corpse’.   

“What has been remarkable in recent months is the cynical repositioning by both parties, claiming credit for the progress achieved by decisions they opposed.  The utterly irresponsible and short term nature of both parties’ election campaign promises has now been revealed and discredited.”