It's not all about the bailout. Investment in Ireland by U.S. companies is continuing to rise, as is the dependence of the Republic's economy on its continuation.
America firms invested almost $18 billion in Ireland in the first six months of the year, an increase of 49 percent from the same period in 2010 and putting Ireland on a par with the Netherlands, Canada and the UK, the Irish Times reported.
According to a report from the American Chamber of Commerce Ireland, investment from the U.S. has grown five-fold in the past 10 years, and is now worth $190 billion and accounts for about a quarter of Ireland's gross domestic product.
Ireland, according to the Times, is home to a number of U.S. multinationals, with big names in technology such as HP, Microsoft, Google and Intel.
There are also a number of major health sciences firms operating in Ireland, including Pfizer, Medtronic and Abbott. These multinationals contribute significantly to Irish exports, a major driver of growth in an economy currently suffering from poor domestic demand, the report added.
But the investment isn't all one way, the chamber said. Last year, Irish companies invested $8 billion, a new record, and were responsible for supporting 120,000 jobs.
Separately, Irish companies with offshoots in the U.S. currently support as estimate 80,000 jobs so the transatlantic investment is far from being all one way.
Joseph Quinlan, author of the chamber report, said the relationship between Ireland and the U.S. was an important one ands that foreign direct investment in the relationship between businesses in Ireland and the U.S. was longer term.
"I can't predict how the euro zone crisis is going to play out, and I'm worried about that, unequivocally. But I'm more confident at the end of the day that investors will come to realize (that) Ireland is different from Greece, it's different from Portugal, from a lot of other countries."
