Ireland: 4th post-programme surveillance report

Source: European Economy. Institutional Paper 17/2016.

Between December 2010 and December 2013, Ireland worked through an €85 billion Economic Adjustment programme designed to help it through a severe crisis in its banking sector and public finances. Since the successful completion of the programme, the Commission has conducted regular post-programme surveillance (PPS) review missions. The PPS missions are organised in liaison with the European Central Bank and the European Stability Mechanism participates on aspects related to its Early Warning System. The missions are also coordinated with the International Monetary Fund. The missions assess Ireland's economic, fiscal and financial situation and prepare semi-annual assessments of Ireland's economic, fiscal and financial situation and determine whether corrective measures are needed.