The ministers, including Paschal Donohoe, are meeting in Brussels today and will be discussing the fallout from the so-called Paradise Papers.

Shares in Portuguese banks have rallied this morning on the back of the announcement that the country's to seek an EU bailout.

The Taoiseach Enda Kenny has said that once the results of the bank stress tests are known next week talks with the ECB on fixing Ireland's banks will resume.

The euro is regaining ground after falling to its lowest level in value against the US Dollar in four years overnight.