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| Ireland is moving towards economic strength, says jobs minister | Ireland is moving towards economic strength, says jobs minister |
| (7 days later) | |
| Ireland is on track to end its reliance on the International Monetary Fund and the European Union to keep the country's public finances running, an Irish cabinet minister insisted on Thursday. | Ireland is on track to end its reliance on the International Monetary Fund and the European Union to keep the country's public finances running, an Irish cabinet minister insisted on Thursday. |
| But the republic's minister for jobs, enterprise and innovation, Richard Bruton, declined to predict whether Ireland would regain full economic sovereignty by the end of 2013. | But the republic's minister for jobs, enterprise and innovation, Richard Bruton, declined to predict whether Ireland would regain full economic sovereignty by the end of 2013. |
| As Ireland takes over the EU presidency, Bruton expressed confidence that the Republic would receive European financial assistance relating to the country's €30bn of IOUs to creditors and depositors of the now defunct Anglo Irish Bank, which would relieve much of the financial burden on Irish taxpayers of paying for the bank's mistakes. | As Ireland takes over the EU presidency, Bruton expressed confidence that the Republic would receive European financial assistance relating to the country's €30bn of IOUs to creditors and depositors of the now defunct Anglo Irish Bank, which would relieve much of the financial burden on Irish taxpayers of paying for the bank's mistakes. |
| The Irish government, and in particular the taoiseach, Enda Kenny, have consistently claimed that fellow EU states, notably Germany, have promised funds to reduce the costs of repaying the so-called Anglo "promissory notes". | The Irish government, and in particular the taoiseach, Enda Kenny, have consistently claimed that fellow EU states, notably Germany, have promised funds to reduce the costs of repaying the so-called Anglo "promissory notes". |
| Much of the Fine Gael-Labour coalition's economic credibility in the next 12 months rests on obtaining a rescue deal from the EU on that banking debt. | Much of the Fine Gael-Labour coalition's economic credibility in the next 12 months rests on obtaining a rescue deal from the EU on that banking debt. |
| Announcing a net increase of 3,804 jobs among indigenous companies over the last 12 months, Bruton said: "Ireland is an economy in transition. We have had to rebuild our economy based on exports, and Irish-owned exporting companies have had a really good year … the best performance since 2006 and it reverses a four-year trend of decline in employment. | Announcing a net increase of 3,804 jobs among indigenous companies over the last 12 months, Bruton said: "Ireland is an economy in transition. We have had to rebuild our economy based on exports, and Irish-owned exporting companies have had a really good year … the best performance since 2006 and it reverses a four-year trend of decline in employment. |
| On the issue of restoring full economic sovereignty and the possible departure of the so-called Troika – the IMF, EU and European Central Bank, the minister said: " | On the issue of restoring full economic sovereignty and the possible departure of the so-called Troika – the IMF, EU and European Central Bank, the minister said: " |
| "Ireland has hit every financial target that it has been set and that happened even in an environment of growth underperforming. We have delivered the change but clearly the key to our recovery is to re-build based on an exporting franchise. | "Ireland has hit every financial target that it has been set and that happened even in an environment of growth underperforming. We have delivered the change but clearly the key to our recovery is to re-build based on an exporting franchise. |
| "Ireland is already in transition towards moving away from dependence on the troika [the EU, IMF and ECB]. We have already started re-entering the markets in a small way … we are not going to be putting down dates or artificial deadlines. | "Ireland is already in transition towards moving away from dependence on the troika [the EU, IMF and ECB]. We have already started re-entering the markets in a small way … we are not going to be putting down dates or artificial deadlines. |
| "Our record speaks for itself as we have hit every marker on the way and we are determined to do that." | "Our record speaks for itself as we have hit every marker on the way and we are determined to do that." |
| Bruton said that an EU deal on the Anglo Irish "promissory notes" was an important element in the overall recovery plan not just for Ireland but for Europe as a whole. | Bruton said that an EU deal on the Anglo Irish "promissory notes" was an important element in the overall recovery plan not just for Ireland but for Europe as a whole. |
| He said the Irish government would use its EU presidency role to press fellow Europeans for the deal. | He said the Irish government would use its EU presidency role to press fellow Europeans for the deal. |
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