Ireland's cost of borrowing moved higher again today on international bond markets, having fallen back after last week's Government decision to split Anglo Irish Bank.
The interest rate demanded by investors to lend money to Ireland hit 6.15% at one point before dropping back slightly to 6.11% this evening. The cost of borrowing for Ireland has remained high over recent weeks.
Speaking in Brussels, Taoiseach Brian Cowen said the bond movements had affected a number of countries, including France and Spain, and were a reaction to the demand in the bond market.
He said the Government was 'anxious to do everything we can' and stressed there was no complacency.
Mr Cowen said the Government was working with all parties concerned in bringing a conclusion to the Anglo Irish Bank issue and that in itself would send a helpful signal to the market.
Meanwhile, Barclays Capital has said Ireland does not need to draw on assistance from the joint EU-IMF emergency fund set up earlier this year - 'at least not yet', it adds.
A research note from the bank also said the Government should look at doing a deal with bondholders owed money by Anglo Irish Bank.