The European Council asked for work on this dossier to be accelerated so that it can be adopted in line with Bank Recovery and Resolution. Clearly the Recovery and Resolution proposal and the Deposit Guarantee Scheme will be pressure points for the remainder of the Irish Presidency.
We have undertaken significant macroeconomic, fiscal, banking and financial sector reforms which make the economy more resilient to domestic and global uncertainties. We are mindful though that there are risks to this outlook. Thus, even as our assessments show that the risks are manageable and moderating, we continue to monitor these carefully.