So, while good progress is being made in returning the economy, the public finances and the banking system to a sustainable path, much still remains to be done. As it has been to date, the adjustment must continue to be comprehensive, convincing and transparent if it is to deliver lasting success.
Having said this, as it is around one year on from Ireland’s entry into an external assistance programme, it is probably timely to give an account of how Ireland is charting a path out of the crisis and what its progress has been.