Financial newswire Bloomberg is reporting that the Government may not make its October target of securing and restructuring some of the bank bailout costs.
During the summer, European Economic and Monetary Commissioner Olli Rehn said that concrete proposals on the Irish issue would be presented to euro-area finance ministers in September.
This is before a final decision in October.
A Department of Finance spokesperson responded to these reports and said "work at official and ministerial level is continuing to enhance our programme in line with June 29 summit agreement.
"Upcoming Eurogroup meetings in the autumn are very important as we seek to meet the timeline of October set by commissioner Rehn."
Addressing a conference at Trinity College, Central Bank governor Patrick Honohan said Ireland would benefit from the stability of the euro area, and the restoration of a monetary system that is common across Europe.
The country would benefit from these rather than what he called the "discrepancy of interest rates and monetary conditions that has existed over the past year".
He said pass through of interest rate decisions was a key objective of the new plan, raising the prospect of lower borrowing costs in Ireland, particularly for small and medium size companies.
Asked if the Bundesbank - the only institution to vote against the bond buying programme would come to support it, the Governor said critics of the programme will gradually realise that it is being operated in a business-like and a disciplined way and it has all the positives of the programme without any of the potential negatives that they see.
The Governor appeared to be quite critical of the 2008 bank guarantee saying it narrowed the options available to Irish policymakers.
It also pushed public debt levels to the limits of sustainability given that losses on senior bondholders had been ruled out.
That limited the scope for overcapitalisation, he said.
He acknowledged however that Europe would probably have insisted on some form of guarantee and would not have countenanced the imposition of losses on senior creditors.
Mr Honohan said the extensive socialisation of losses here had been rightly criticised but pointed out that the eventual imposition of losses on subordinated debt-holders was subject to litigation from shareholders.
He also said prompt, transparent and over-capitalisation of banks should be arranged in a systemic crisis.
He added overcapitalisation was the preferred option for dealing with failed banks that it is deemed necessary to save.
The Governor said loss recognition in the current crisis had been slow.
He said the transparency of the recapitalisation process had been quite high in Ireland, but he added it would have been better if comprehensive and accurate information on loan losses had been made available from the outset.
