The European Commissioner for Economic & Monetary Affairs has said he wants to see the Dáil pass legislation to establish the National Asset Management Agency as fast as possible.
Joaquin Almunia made the comments following a meeting with Minister for Finance Brian Lenihan.
Mr Almunia is the person who negotiated with the Irish Government on establishing NAMA.
In a press conference with Minister Lenihan, he said he wanted legislation setting up the new agency passed as soon as possible.
He added that he wished to see the Dáil pass a Budget in December, which would help it restructure its public finances.
When asked about the proposal from union leaders to allow more time for Ireland to tackle its deficit, he said only the poorest in society could say they cannot be part of the solution.
Minister Lenihan said he would soon outline what Ireland's financial position would be if it did not make adjustments.
He stressed if Ireland allowed its interest bill mount up, it would find itself in a very serious situation.
