The International Monetary Fund (IMF) says Ireland is poorly insulated against further financial shocks but that we are unlikely to default on our debts.
It comes just a day after the Minister for Finance insisted the economy has stabilised despite the release of a series of negative figures on the live register and mortgage arrears.
In reports out today the IMF praises the actions taken so far to counter our loss of competitiveness in the downturn.
It also ranks us ahead of the likes of Greece, Italy and Portugal in terms of being able to cope with further problems.
