The fate of Anglo Irish Bank was high on the agenda of today's first Cabinet meeting since the summer break.
Fianna Fáil and Green ministers have denied that they are split over the future of the bank.
In a statement, they insisted they were agreed on resolving the situation at the bank at the least possible cost to the taxpayer.
‘The Government is united in its determination in relation to the resolution of the Anglo Irish Bank issue: that it must be done at the least practicable cost to the taxpayer and in a way that gives finality.
‘The Government is working with the EU authorities to that end; it is also in active discussion with the EU Commission about the future of the bank Guarantee,’ the statement read.
At the meeting, Mr Lenihan briefed his colleagues on the situation with Anglo and the discussions with the European Commission about the bank's future.
Mr Lenihan said he would be visiting Europe next week to discuss these matters with the European authorities, from whom the Government has had tremendous support.
He said Europe has stood firmly behind our banking system and we need to address and resolve the difficulties in Anglo in co-operation with the European authorities.
Asked about whether any Cabinet colleagues had expressed concern about events related to Anglo that had arisen in recent weeks, Mr Lenihan said they are all concerned as a Government about any threats to Ireland's fiscal position and about the appalling cost which the march of events at Anglo has inflicted on the State.
He said their common purpose was to reduce that cost to the taxpayer, and there was no rift and complete unity of purpose in the Government.
He said he as the accountable minister is satisfied he has the confidence of his colleagues in this matter.
Minister for Justice Dermot Ahern also denied that there was any split with the Green Party on the issue.
Green Party Minister Eamon Ryan said that his party, which over the weekend called for Anglo to be wound down over four to five years, was not at odds with Fianna Fáil.
He said that while his party had a view that the sooner the wind down happened the better, the Government agreed that costs should be minimised.
Mr Ryan said he believed a quick solution was better for the country.