• Intensive engagement will now take place to ensure that banking sector can be stabilised
• Talks with EU/ECB/IMF officials will begin on Thursday
• Aid from UK is a matter for the UK authorities
• Knows UK is anxious to help in every possible way
• Despite an amount of work done to help banks, dislocation continues
• No deadline to IMF/EU/ECB talks
• Weaning Irish banks off ECB support is only one of a range of issues
• Important to ensure euro currency is protected
• A second-look will have to be taken at bank stress tests
• Not at stage of discussing size of potential aid
• Took great care not to make a formal aid application at this stage
• May have to avail of help from common currency area to stabilise its’ banks
• Budgetary policy has full support of euro zone partners
• 2011 budget will be published on Dec 7, won’t be brought forward
• Confident 2011 budget will pass
• 4 year plan will be presented before the end of the month
• Corporation tax rate is safe. Is crucial to economic growth
• Banking solution may not mean an actual transfer of money
• Banks will not bring down Irish economy or euro zone
• IMF are involved because they have more experience in banking crises than ECB or EU