Taoiseach Enda Kenny has said he expects there to be no decision on Ireland's bank debt this month.
Mr Kenny said the Greek and French elections, the assessment of Spanish banks and the ratification of the fiscal treaty by a number of countries will be the focus for June.
His comments follow reports that Germany has ruled out any immediate deal on Ireland's bank debt because it would send out the wrong signal.
There is speculation that funding could be made available to support Spanish banks directly, without imposing a sovereign debt on the country.
Speaking on his way into Government Buildings, Mr Kenny said there were other "serious" issues that needed to be addressed.
Until they are complete, he said there will be no decision on the Irish situation.
Tánaiste Eamon Gilmore has said the Government will continue its efforts to secure a better deal on bank debt until it gets a satisfactory outcome for Irish taxpayers.
He said the decision made by voters in relation to the fiscal treaty had strengthened the hand of the Government and given it added authority in dealing with European institutions and other European governments.
Responding to reports that Germany was ruling out any new deal on debt, Mr Gilmore said the Government is determined to negotiate a deal to the benefit of taxpayers.
Meanwhile a Government spokesperson has said Ireland will be "very attentive" to any change in European rules about the treatment of bank debt which might be of benefit to this country.
He said that if something was applied to other countries which in the interest of natural justice and fairness should be applied to Ireland, they "would certainly point that out".
The spokesperson said the issue of bank debt was not discussed at this morning's Cabinet meeting, but there was no need to do so as the Government's aim in the negotiations had not changed.
What had changed, he said, was that the Irish people had voted in favour of the Fiscal Treaty by a margin of 20 points, and the Taoiseach had pointed out to other European leaders that we were the only country to hold a referendum on the issue.
He said the issue of bank debt had been raised early in the Taoiseach's conversation with German Chancellor Angela Merkel on Friday. He said the issue was raised in general terms.
Asked about comments by German officials quoted in this morning's papers, the spokesperson said decisions on these issues were made by heads of Government, not by spokesmen.
Elsewhere the Minister for Transport Leo Varadkar said that Ireland needs "a little more European solidarity" in dealing with Irish bank debt.
Speaking on RTÉ's Drivetime, Minister Varadkar said that that while the Fiscal Treaty was not about the bank debt, the Tes vote in last week's referendum strengthened Ireland's position diplomatically in Europe.