This year Ireland's budget deficit will be equivalent to almost a third of national economic output.
The Dublin Government is struggling to convince the money markets and the European Union that it can avoid financial collapse.
Eamon Ryan is Ireland's Energy and Communications minister. What will it take to save the Irish economy? He spoke to Stephen Sackur.
You can watch the full interview on Thursday 21 October 2010 on BBC World News at 0330, 0830, 1530 and 2030.