Minister for Finance Michael Noonan is to hold talks with ECB President Mario Draghi in Frankfurt tomorrow on ways to reduce Ireland's debt burden.
Mr Noonan will also meet the EU Commissioner for Economic Affairs Olli Rehn on the margins of a meeting of EU finance ministers in Brussels tomorrow.
Arriving at a meeting of eurozone finance ministers Mr Noonan said the government would hold a referendum on the new intergovernmental treaty if it was a legal requirement but would not hold one simply "to test public opinion".
Mr Noonan is expected to discuss the Anglo Irish Bank promissory notes issue with Mr Draghi as well as the government request to borrow from the EFSF bailout fund to retroactively pay for the Irish bank bailout at a lower interest rate.
Today's talks will take place as Greek authorities continue to wrangle with private investors over what level of losses they will take on their investment in Greek government bonds.
The so-called 'debt-swap' deal is deemed crucial in avoiding a chaotic default in Greece, which would have profoundly negative impacts on the rest of the European Union.
The Greek government is trying to reduce its debt burden of €350 billion, by €100bn, through convincing private investors to accept a loss of up to 70% on the Greek government bonds they hold.
The EU says a deal must happen if Greece is to secure more bailout funds in March.
The Institute of International Finance, which represents the investors, said yesterday that it remained optimistic agreement could be secured.
But the critical question is whether enough investors will back the deal.
If there is less than 80% investor participation then this could trigger the pay-out of insurance against a Greek default, which in turn could lead to dire market convulsions.
Apart from Greece, analysts will also be watching to see if the ministers finalise the text of the proposed fiscal treaty, including whether debt and budget deficit limits need to be enshrined in member states' constitutions, as demanded by Germany, or introduced via legislation, as preferred by Ireland.
