of the country's biggest banks collapse but fast forward to twenty thirty and it's not just arlen's leda but is optimistic in july ratings agency standard and poor's upgraded island's credit outlook from stable to positive because the country's debts were falling faster than expected so let's get some analysis right now with irish economist david mcwilliams in dublin. so david good news for my own bed. well it started too soon arctic the good thing not least because existing b. i.m.f. e.u. troika bailout is regarded by the state or at least under ties and marketed by the state as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how was the opportunity to change the growth potential of the country to