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You can read what Mr Noonan said by clicking on this link. As the week progressed this point was further reinforced by the Taoiseach. The German Finance Minister Wolfgang Schaeuble went a step further and stated that he was 100% confident that Ireland would not require a second bailout. Again you can read the article by clicking on this link. Given these positive endorsements, one would believe that Ireland can now look to a future in which it will have regained full control of its financial sovereignty. Following years of spending cuts and tax increases, the people of Ireland will be rewarded with the restoration of its financial sovereignty. However in order to be able to stand on our own two feet at the end of 2013, Ireland will have to overcome some additional hurdles. Ireland, in order to survive in a world without the assistance of the Troika will more than likely have to borrow money in advance of their return to the market. Ideally Mr Noonan would like to have a year and a halfs funding, which would require the government to borrow 17 billion during 2013. Is this Feasible?In my opinion the success of this strategy will depend on the interest rates for longer term bonds which in turn depend on investor perceptions of Ireland. As of today, the interest rate on Irelands 10 year bonds is 4.


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