The Italian tactician resolutely believes that the Boys in Green can still qualify for the 2014 World Cup in Brazil, with the return of key players
The Italian tactician stressed that Germany were 'superior' to Ireland before suggesting that the Boys in Green can perform better when players such as Robbie Keane, Richard Dunne, Kevin Doyle and Glenn Whelan return to the squad.
Trapattoni is currently enduring his worst period as Ireland manager since taking over in 2008, having lost four out of his last five competitive games, but the 73-year-old remains optimistic about Ireland's chances.
"I think we can achieve qualification," Trapattoni said. "Germany is a superior name to us. Austria is not easy, but I know Austria, and there is Sweden too."
"We can accept defeat against Germany. Realistically we were never going to compete with them for first place. Our aim is Sweden and Austria."
He added: "We have to win [against Faroe Islands]. I told [the players] that I expect an immediate positive reaction
"We can be competitive with these teams. I don't wish to repeat that we had players missing on Friday. With a new energy coming (players returning from injury), we have this possibility," added the Ireland manager.
Giovanni Trapattoni's side face a crunch World Cup qualifier against the Faroe Islands on Tuesday night and you can watch all the action live through Goal.com.