Party leader Eamon Gilmore maintained last night that Ireland would now be in a second bailout if Labour was not in Government.
He acknowledged it had come at a price, however.
"Yes, we have had to negotiate, and sometimes we've had to compromise," he said.
"And that's a normal part of politics.
"This is a coalition Government and you don't always get everything you want.
"But we can stand over the decisions that we have made, because we have always held true to our values and our beliefs."
The Social Protection Minister is today expected to call for wage growth for middle income and working families saying it is a necessary part of the recovery.
Around 1,000 Labour members have gathered in Kerry for the party's annual conference.