A recent report explained the take of German Finance Minister Wolfgang on whether or not Ireland would need another bailout package. Though Germany would never back out from supporting Ireland, he made it clear that they have to make sure that investors don't get a wrong signal either.

Calling Ireland a special case, Schaeuble said they don't want investors to think that their actual program failed to do the needful. It has been explained how Ireland is trying to strike a deal so that it can get rid of its 64 billion euro
($83 billion) bank-rescue bill.

Apparently, they are in talks with the European Central Bank in order to get 30 billion Euros of so-called promissory notes replaced, which were used to bail out the former Anglo Irish Bank Corp.

"A lot of people, not in Ireland, maybe have had some not realistic expectation on the issue of direct recapitalization of banks after the declaration, the announcement of the meeting of the heads of states and governments in late June", said Schaeuble, claiming that they are strongly working to come true on the preconditions for European banking supervision. It would be worth seeing what future holds for Ireland in the time to come.