The Hill News

President Obama reaffirmed the U.S.'s  strong relationship with Ireland and offered optimism about both countries' financial situations during a speech in Moneygall on Monday.

In front of a large, cheering crowd, Obama mentioned the role the Irish and Irish Americans have played in American history. He also noted that both countries have had to face "severe" economic recessions in recent years.

"Ireland, as trying as these times are, I know our future is as big and as bright as our children expect it to be," Obama said. "I know that because I know it is precisely in times like these, in times of great challenge, in times of great change when we remember who we truly are. We're peoples, the Irish and Americans, who never stop imagining a better future."

The president was in Moneygall because it's the home of one of his ancestors. Before his speech, he and the first lady stopped at a local pub where they had a pint of Guinness.

D! uring his speech and at his earlier stop, Obama repeatedly offered words of encouragement concerning Ireland's recent fiscal woes. Last year Ireland was forced to request a bailout from the International Monetary Fund and European Union after a number of the country's banks failed.

Obama also touched on the recent Northern Ireland elections.

"What was notable about the Northern Ireland elections two weeks ago is that they came and went without much attention. It's not because the world has forgotten," Obama said but because "a dream has turned to reality because of the work of this nation."

Obama's speech was laced with optimistic statements that both Ireland and the U.S. have a bright future ahead.

"Our greatest triumphs in Ireland and America alike are still to come," Obama said.

Earlier in the day, Obama met with Taoiseach Edna Kenny, Ireland's prime minister, in Dublin where they discussed U.S.-Irish relations, the ! president's recent speech on immigration, and the Queen of Eng! land's v isit to Ireland last week.

The president is on the first leg of a six-day, four-country visit to Europe. He will leave for London late Monday night.