Irish officials insisted on Sunday that they did not need fiscal assistance from the European Union even as pressure mounted on Dublin to accept aid and quickly present plans to restructure its banking system.
Senior European officials held informal discussions late into Sunday to decide whether Ireland needed an aid package before the markets opened today to reverse a two-week-long assault on its bonds that was briefly halted on Friday.
Although Irish leaders have said the country needs no new cash until June, concerns about its finances have spread to other so-called “peripheral” EU economies, driving up yields on their government bonds.
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