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"It's not because markets consider that we have similar situations." They are just like in the markets of concern, but as I said, they are very different. ?

He added: "market watch these economies as a whole because we are all in this together in the euro area, but they could probably see different if we were not in the euro zone."

"Suppose that we are not in the euro area, the risk of contagion may be lower.

The Portuguese Minister insists on the fact that Portugal improves its finances lutté with emerging debt and deficit levels and tried later at suggestions that Lisbon was ready to ask for help.

"Such a request is not imminent, he had no contacts, whether formal or informal," he said. "The rest are rumours and speculation.?

His words may have been an attempt to encourage the leaders of the Ireland calm markets by dropping their reluctance to take a life of Brussels line.

The Governor of the Bank of Spain urged to act quickly Dublin by saying that his indecision has increased fears about the financial markets.

Miguel Angel Fernandez Ordonez, Member of the ECB Governing Council said a banking conference in Madrid, he expected a "adequate response" by Ireland help to calm markets.

Later, he added: "the situation in the markets was negative due in part to the absence of a decision by the Ireland it is not for me to take a decision on the Ireland, Ireland must make a decision at the right time."

The Spain is one of the countries of the periphery of the euro area has seen fresh loan debt problems spiral as undermines the confidence of investors.

Greece, meanwhile, also admitted Monday that he would be achieving conditions for a new payment of 110 billion bailout euro (93 billion to ￡) as Greek figures of deficit and public debt over the past four years have been revised to suddenly.

George Papandreou, Greek Prime Minister criticized Germany crisis.

He said that banks and bond markets share the pain of a default value of sovereign debt of Berlin demand could push some economies in the euro area towards bankruptcy.

"He created a spiral of interest rates higher for countries which appear to be in a difficult situation as the Ireland Portugal," he said while on a visit to Paris.

"This could create a prediction... it could back-breaking."This could oblige the savings toward bankruptcy.?

Earlier Minister of justice the Ireland refused to rule out the possibility of bail for the economy under siege from Brussels exploring a ￡ 77 billion rescue plan.

Things are spent day after day, "Dermot Ahern, said WFP television when asked if he would promise that Dublin would not financial aid apply."

Whereas the Irish Government denied that a bailout should be a member of the European Central Bank confirmed discussions were underway with Dublin, said that assistance, if requested, will be available to banks the Ireland or the State itself.

Irish officials would consider pumping more money in the banks in the country to grow their capital above regulatory targets set in March in a bid to allay the concerns of rising loan losses.

Sources confirmed EU for the Daily Telegraph that talks between the two parties on a rescue plan had continued from weekend.

But Mr Ahern has denied the existence of any discussion despite other officials confirming the Irish Government is in talks with "international colleagues" on its budget woes.

"There is no negotiation cours.Si there would be aware, we are not aware," he said, adding that he had spoken to Prime Minister Brian Cowen on Sunday and Finance Minister Brian Lenihan.

Investors rushed to sell Irish debts over the past weeks, and there is increasing speculation that if Europe fails to intervene there may be a rush on other countries, including the Spain and the Portugal.

Vitor Constancio, the European Central Bank, Vice President, confirms the Ireland had spoken to the European institutions, but there had not yet been a formal request for assistance.

"Irish State is funded in part of the next year, but it is also a problem of banks that are at the centre of Ireland issues and considerations should be reflected on", he said to journalists in Vienna.

He said that that aid, if necessary, could involve European financial stability (EEHC) put in place after the Greece was obliged to ask for help in may install EUR 440 billion.

The rescue plan EU, regarded as "very likely" by European officials could cost to taxpayers as well as British ￡ 7billion in an agreement agreed to by Alistair Darling when he was still Chancellor in the limbo policy after the general election in mai.Dans part of its mandate, Great Britain agreed to subscribe the EU plans to help countries in trouble.

David Cameron has publicly expressed support measures to assist Ireland .Plusieurs British banks, particularly RBS have exposure to the debt of the Irish Government amounting to billions of pounds and watched their actions in the fall of the past week.

Germany was pressing Ireland to accept a financial rescue by the EU to calm investors and to protect a new crisis debt in the euro area.

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