The Irish government has vowed to work with international experts to stabilise its faltering economy after refusing to ask for a bailout.
Officials in Dublin have agreed to work with economists from the European Commission, European Central Bank and International Monetary Fund. Talks are expected to start this week.
European Minister Dick Roche said: "They are going to look for a package, they must look for some form of arrangement, to deal with the continuous lack of confidence that is in the market that is affecting the Irish bonds."
Although Ireland did not ask for a bailout, the eurozone ministers said in a statement that the rest of the 16-country single currency area would be ready to help if Dublin sought support.
Irish finance minister Brian Lenihan has been fending off mounting pressure on to accept the need for a massive bail-out, either from the European Union or the International Monetary Fund or a mixture of the two.
Earlier, Prime Minister Brian Cowen sought to reassure Europe that the debt-ridden country is not in crisis and no multi-billion pound bail-out is necessary.
Prime Minister Brian Cowen used a statement in the Dail to insist the debts were "fully-funded" until mid-2011 and that domestic measures to stabilise public finances were working.
