A spokesperson for the European Commission says emergency funding is not being considered for Ireland.
It follows a further rise in our borrowing costs today as two credit rating agencies warn our debt is at risk of further downgrades.
But asked if there was a chance that Ireland would tap the eurozone's €440bn emergency fund, the spokesperson said "the issue is not being considered".
He added that the Commission is confident Ireland will do what is necessary to retain market confidence.
Earlier today the Taoiseach dismissed suggestions that Ireland is close to seeking outside help to run the country.