Germany ‘confident’ Ireland will emerge from crisis without bailout

THE German government has confidence Ireland will emerge through the economic crisis without needing a bailout, the country’s European Affairs Minister has said.

Dr Werner Hoyer said the economic transformation in this country and the budgetary cuts taken in recent years had convinced European observers of the country’s prospects of recovery.

“I think there is deeply rooted trust and confidence in this country’s ability to work out its problems.