Irish economy 'turning the corner' - Barroso

European Commission President José Manuel Barroso has said the Irish economy is "turning the corner".

Addressing an IBEC conference in Dublin, Mr Barroso said that keeping Europe on the road to sustainable recovery was a formidable challenge.

He said it faced systematic problems including unacceptably high rates of unemployment.

However, he told the conference that Ireland had shown there was "light at the end of the tunnel" and was an example that recovery programmes can work.

He said new employment figures suggest clearly that recovery may be happening.

Ireland's performance in its work towards exiting the financial crisis was praised at the conference.

Earlier, Taoiseach Enda Kenny told delegates that the experience of Ireland and the lessons learned were relevant to the wider European experience.

However, he also warned there is more work to be done.

He said the Government is implementing a "very challenging budgetary adjustment of about 20% of GDP over the period from 2008 to 2015" and remains committed to bringing down the deficit level to below 3% by 2015.

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