A few months <a href=" http://www.ethical-pets.co.uk/27-fairly-traded ">erectalis 20</a> Ireland remains vulnerable to external financing risks despite the currentaccount being in surplus since 2010. Short-term debt by remaining maturityremains well above 100% of current account receipts (CARs). Because there aremany international financial companies in Ireland, its external statistics aredistorted by the large asset and liability positions of these entities. In ourexternal debt analysis, we focus on the government's and Irish banks' externalpositions as they are the largest external debtors in the economy. While thegovernment's international capital markets access has improved and the maturityextension of its European Financial Stability Facility and European FinancialStabilisation Mechanism official debt (as agreed in April 2013) has reduced itsnear-term financing needs, the banking sector has only recently re-entered thecapital markets and issued unsecured debt. Given the uncertainties related toglobal liquidity, we view Ireland's private-sector access to external funding asstill fragile.