Ireland denies bailout rumours after record budget cuts

Irish ministers have sought to reassure the EU they will not be looking for a bail-out to help them deal with the country's deficit.

They said they were in constant contact with Brussels about the economic situation, which has lead Dublin to commit to 6bn euros of spending cuts in the next year alone.

Meanwhile the Greek deficit was revealed to be higher than previously thought.

Gavin Hewitt reports from Dublin.

BBC News