The coalition has won the Dáil confidence motion in Taoiseach Brian Cowen and the Government by a margin of five votes.
The result was 82 to 77.
Click here to read a tracker from today's Dáil debate
Finance Minister Brian Lenihan closed the six-hour debate by accusing the Opposition of abusing the two reports into the banking crisis and of not having read them.
Mr Lenihan praised Brian Cowen and said the Government has not and would not shirk from its duties.
During a debate on the motion, Mr Cowen said he takes full responsibility for decisions he took as Minister for Finance and as Taoiseach.
But he said the tough decisions his Government has taken are now paying off and the country has reached a turning point in its economic recovery.
The leader of Fine Gael, Enda Kenny, told the Dáil there was no excuse for the Government's conduct of the economy and called on the Taoiseach to resign.