Ireland's policy on EMU 

Ireland supports the process of European integration, and with EMU marking a substantial stage in that process, Ireland's policy always aimed at being eligible to participate in EMU from the outset. A statement issued by the Taoiseach, Mr Bertie Ahern TD, on 6 May 1998 reiterated the Government's commitment to continuing stability achieved through economic and budgetary policies to ensure tight expenditure and low inflation which will help secure the medium-term sustainability of Ireland's economic growth. The Taoiseach said that the challenge of EMU would also require intensification of the flexibility and problem-solving approach taken by Government and the social partners. In conclusion, the Taoiseach said that membership of the euro area was in Ireland's long-term strategic interests.