Finance Minister Michael Noonan has told reporters in Brussels that talks with ECB president Jean Claude Trichet on the possibility of revising the bank bailout 'went well'.
Mr Noonan has warned that Ireland will have to tap into the €25bn contingency fund, provided by the EU and the IMF, in order to resolve the national banking crisis.
Mr Noonan also intends to ask Ireland's eurozone partners for more time to re-structure the banking system.
However, the new Finance Minister is adamant he won't consider any change to Ireland's corporation tax rate - in exchange for a review of the bank deal.