A spokesperson for the European Commissioner for Economic Affairs Olli Rehn has said there is nothing to indicate that a second bailout will be needed for Ireland.
Amadeu Altafaj made the comments as officials from the EU, ECB and the IMF meet at the Department of Finance for the fifth review of the bailout.
They will examine last month's Budget and the lower-than-expected tax returns for 2011.
Yesterday, Citigroup chief economist at one of the world's biggest bank Citigroup Willem Buiter said Ireland should begin negotiations on a second bailout.
Today Rehn spokesman Amadeu Altafaj said any renegotiation of the terms of the first bailout could destabilise the markets.
"The way that Ireland will honour its financial commitments is important to reinforce the confidence of the markets," he said.
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