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"We are in a crisis of survival", he told an audience in Brussels makers yesterday. "We all work together to survive with the euro area, because if we survive on the euro area, us survive with the European Union. '.

Comments helped trigger a decrease in stock price and the value of the euro in the world.

FTSE 100 index of the largest companies of Great Britain London fell to 2.38 %

5, 681.Actions including Lloyds TSB Bank were among the greatest fallers.In Paris, the French CAC 40 lost 2.63% to 3,762 and Frankfurt reduced 1.87 %.Le Dow Jones DAX fell more than 200 points at 11,000 points.

Irish Prime Minister, said yesterday that the country was convinced that he could deal with financial problems and criticized speculation "inaccurate" problems.However, he indicated that the country may request international assistance for its banks to "reassure" markets.

Brian Cowen said in a statement to the Irish Parliament: "the strategy pursued by the Government addressed the difficulties encountered by the banking system, brings sustainability to the finances and leads to continuous improvements in compétitivité.Il is essential for a return to growth, elements of evidence which we are already beginning to pursue such policies."

"" The turbulence in the markets in recent weeks have focused on broader concerns Ireland it situation should be discussed with our partners, as we are, how these issues should be taken."

But he also added: "" we are engaged with our counterparts to discuss with them the best way to be underlying stabilities banking and financial, "."

Last night, the Finance Ministers of the euro area have been meeting to discuss plans to stabilize markets on the continent and the Irish had come under pressure to accept a growing international bailout.

George Osborne, the Chancellor, is due to the arrival in Brussels today to join the talks.

"We are discussing with the European Central Bank and the IMF and of course, the Irish", said Mr. Olli Rehn, EU economic and Monetary Affairs Commissioner."The real problems in the banking sector, with the Government, but these connected."

The Irish Government insisted that he can afford to repay debts records, despite an equivalent annual deficit to close to one-third of the size of its economy.

The market surrounding Ireland growing unrest has also threatened to push the Spain and Portugal in crise.Le cost of borrowing by the Spanish Government increased significantly yesterday.

Carlos Ocana, Spanish Minister for the Treasury Board has urged the Ireland to stop the contagion spreading by acting quickly.

"The important is that the Ireland makes a decision as soon as possible", he said.

But many EU countries insist that all loans of the European Union to the Ireland emergency fund will only be granted if Dublin sign an austerity programme defined and applied by the European Commission and the IMF.

"You just throw money helicopters it must create confidence in the institutions of the State, public authorities," said Rainer Bruederle, German Minister of the economy.

A EU - complete IMF bailout mean Ireland lose key political sovereignty and économique.Cela areas would be deeply controversial and cost of the Irish Government for its majorité.Hier, German politicians has suggested that the Ireland should increase its corporate income tax rate.

British taxpayers could be left with a responsibility for more than 7 billion pounds of a bailout irlandais.Toutefois, Treasury Board has yet to be formally accepted an agreement.

"Is there was no formal request and we are not at the stage where we would be consulted, said a source from the British Government."

The Chancellor said the concerns and speculation surrounding the financial health of the Ireland and the Portugal showed the savings are not free from the risk of collapse - but he insisted Britain is "out of the area of financial risk.

The Chancellor said that he would not add speculation around the Ireland position, but added that the country is "difficult measures" with its fiscal situation.

Mr Osborne said deputies: "I would like to make a general comment that happening currently highlighted the fact that concerns about sovereign debt issues have not disappeared, and we should be grateful that thanks to the actions of this Government we've gone Britain out of the area of financial risk.

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