Eurozone finance ministers meeting have reached agreement on the funding of a new financial rescue facility to become available after June 2013.
The European Stability Mechanism will have an initial injection of €40bn to be built up over three years to ensure a lending capacity of €500bn.
The finance ministers left it to the EU leaders' summit later this week to work out a deal with Ireland on debt relief.
Minister for Finance Michael Noonan has repeated that imminent bank stress tests would show that the amount of recapitalisation required for the banking sector would be more than the €10bn as set out in the EU-IMF rescue programme.
Mr Noonan said: 'I haven't received the preliminary results (of the stress tests). I have just had conversations with central bankers who said that the figure would be higher than €10bn.'
He added that Taoiseach Enda Kenny would not be bringing any stress test results to the summit of EU leaders.
Mr Noonan said this was because the stress tests are continuing.
Arriving at the meeting in Brussels, Mr Noonan said that if any of his counterparts had any alternative proposals that kept the debate away from the corporate tax issue then Ireland would be 'quite willing to listen'.
He added that any discussion of corporate tax rates should take account of the effective rates and not just the nominal rates.
Mr Noonan said Ireland's effective rate was 11.9%, while its nominal rate was 12.5%. The Minister said that France had a much lower effective rate.
When asked if there was a quid pro quo regarding a lower interest rate for Ireland's bail out terms that would satisfy France and Germany, Mr Noonan said that the Government had no difficulty with a fiscal control package in the shape of a legislative debt brake.
He said Germany was not looking for a constitutional debt brake across Europe.
Ireland can deal with dual debt problems - Trichet
European Central Bank President Jean-Claude Trichet has said it is 'not impossible' for Ireland to deal with the sovereign debt problem, as well as the banking debt problem.
Following a suggestion from Fine Gael MEP Gay Mitchell at the European Parliament that it was impossible for Ireland to cope with both, Mr Trichet said Ireland had to regain credit worthiness.
'My working assumption is that Ireland can do it, Ireland will do it,' he said.
Speaking to the parliament's economic and monetary affairs committee Mr Trichet said the rescue programme had been approved by the international community, not only the European Union.
He said: 'The decisions taken by Ireland over the past three years are there, and there has been a programme approved by the international community.
'This programme is essential for the credibility... of Ireland itself.'
