The Troika’s assessment of Ireland’s progress is a welcome confirmation that the framework set out last year will deliver fiscal and economic recovery.
The main finding of the assessment is that all key elements of the programme agreed last year remain unchanged and that the December 2010 budget has shown that Ireland is putting its budgetary house in order.
The assessment shows that there has been no significant change or new policy in the last four months. The positive indicators on the budget come as a result of measures which both Fine Gael and Labour voted against. In this context, ministers should spend less time over-spinning their record and start actually producing the policies to complete implementation of the programme.