Ireland continues to refuse to accept aid, but the pressure from the outside but in has been increased.

Irish European affairs official said on NBC DickRoche for sovereign countries, has the right to decide important matters is very important. “Ireland is now less than when the IMF for help.”

Irish Prime Minister BrianCowen on November 15 also re-emphasized that the country did not apply for emergency assistance. He told the Irish RTE television interview, said, “We are maintaining and related parties to discuss matters relating to banking and financial stability, which reflects the best interests of Ireland.” But he also stressed that as the Irish before the middle of next year no financing needs, and there is no outside for assistance.

But the EU did not think so, in order to prevent the Irish debt crisis that may occur to Spain and Portugal, the European Central Bank and EU officials are trying to persuade the Irish government from the stabilization fund at the IMF and the European Union to seek assistance.

Irish government did not want to receive assistance on the one hand the market for reasons of national sovereignty considerations, on the other hand do not want to be on the voters that incompetence in the domestic economy.

Possible compromise

EU finance ministers would Tuesday, three meetings, and the financial market investors should remain vigilant. Irish ten-year Treasury bill rate, from 8.48% last Friday, fell to 8.10% on Monday.

Portugal and Spain but the situation is not improved bond, which exacerbated the market for the two countries concerns the bond market, concerns about the debt crisis in Europe also affected the euro, 15 November, the euro against the dollar decline of 0.5%, to 1 euro against 1.3615 U.S. dollars.

Although the Irish Government officials have repeatedly said the country will not accept the aid, but the discussion on the potential relief mechanism has been carried out at the weekend. Analysis pointed out that the issue will be top of the agenda of EU finance ministers meeting as countries try to stop officials in Europe in another financial crisis.

Relative to the government budget, the Irish problem is now more important banks. He said that if Ireland does not need aid if the EU does not impose, but the bank still be able to request assistance from the European Central Bank.

Some officials have hinted that a compromise may be reached Ireland and the EU, while the core content of the compromise bailout funds will be used to supplement bank capital, which also makes Irish officials to China announced, is the country’s banks, not the Government need of assistance.

European Commission President Jose Manuel Barroso said on Monday night, the Irish did not apply for assistance, but the EU outside the euro zone there are ways to solve the problem. “We have a way to solve possible problems.” He said.

International pressure

On Monday, officials from some EU countries have also increased pressure on the extent of Ireland, and would like to stabilize the European market, so that their respective countries from the impact.

Portuguese Finance Minister Fernando said in an interview on the Irish of their ability to pay sovereign debt worries and concerns about the Irish problem will spread to Portugal.

Fernando said that it believes the Irish government will choose Ireland and Europe for win-win approach. He believes that the Irish government will make the right choice vision.

In Madrid, Spain, the central bank governor Miguel pointed out that the acceptance of aid depends on the Irish government, and he hoped that the government can make the right choice.

European Central Bank said on Monday it has increased the purchase of government bonds for Europe, which aims to prevent the European sovereign debt crisis. In the past week, the European Central Bank has purchased more than 10 billion pounds of debt, which is nearly six weeks since the amount of the highest. ECB officials fear that the Irish question the longer the delay, the sovereign debt market turbulence will be greater, and this will force the European Central Bank intervention.

ECB executives suggested that the Irish system from the EU financial stability to obtain funds to complete the capital of the banking sector in the country supplement the executives said, EFSF funding to the Government and the Government of course can be flexible funds use. He said, “The current mechanism has been complete to the Irish authorities closed the other.”

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