EU Economic and Monetary Affairs Commissioner Olli Rehn has said that Ireland’s economy is continuing to recover.
Mr Rehn said that the EU-IMF bailout has contributed to the recovery through financial assistance and the restructuring and recapitalisation of the banking sector.
This is despite figures showing an expected slowdown in exports and an increase in unemployment in 2012.
He was speaking at the launch of a European Commission interim economic forecast, which showed that the eurozone had entered a “mild recession”.
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