Taoiseach Enda Kenny, Northern Ireland First Minister Peter Robinson and Deputy First Minister Martin McGuinness have concluded their meeting at the North-South Ministerial Council in Dublin.
The Council was scheduled to discuss routine cross border issues but the economic uncertainty in Europe and its implications for the island occupied much of the agenda.
Ministers also discussed cooperation issues, the impact of the National Asset Management Agency, and the work of North-South bodies.
Mr Kenny said such discussions provided an impetus to advancing critical North-South projects and much-needed economic co-operation.
Afterwards, he said that the proposed project bonds would be useless for this country as they related to large pan-European schemes.
The Taoiseach also commented on the issue of compulsory redundancies saying the question of redundancies under a new Croke Park Agreement does not arise at the moment, as the current deal is producing efficiencies and savings.
But Tánaiste Eamon Gilmore told journalists that the issue "was not on the agenda - full stop" as he put it.
When asked about the prospect of an all Ireland soccer team after last nights result, Mr Kenny said he was a great supporter of the concept adding that it would allow Ireland field a much stronger squad.
However, Peter Robinson said that politicians should ideally keep out of sporting matters.
It was the 14th plenary meeting of the North-South Ministerial Council and is taking place in Farmleigh.
