An European commission has warned that inherent risks for financial instability remain in Ireland, including the current Irish Water model.
A ruling by the commission in April will decide whether or not the Irish Water company is sustainable as it is now, as questions remain about its ability to borrow on open markets.
The commission also highlighted that Ireland suffers from a digital skills gap, that there are high levels of public and private debt and high unemployment, and also pointed out legacy banking issues.
The report stated that the Government needs to take “decisive policy action” to address these issues.