The EU Economic Affairs Commissioner Olli Rehn said today that the recovery is not simply about bailing out the bankers.

Taoiseach Enda Kenny and Finance Minister Michael Noonan have both welcomed an agreement which could improve the terms of Ireland’s EU/IMF bailout deal.

FORMER European Parliament president Pat Cox has warned Brussels that any attempt to force Ireland to increase corporate tax rates – would constitute “a grave error of judgment by the EU” and would go against international law.

The European Commission is warning Ireland to act ruthlessly with a "rigorous" approach to tightening its public finances.