Minister for Finance Michael Noonan has said the ECB's bond-buying plan "seemed to be working".
Mr Noonan made his comments as borrowing costs for both Spain and Italy fell. The Italian 10-year government bond was at 5.29 per cent, from 6.189 per cent on Friday and the Spanish 10-year bond at 5.17 per cent from 6.271 per cent.
Mr Noonan said further crisis talks in Europe may offer Ireland "opportunities" after Taoiseach Enda Kenny obtained a cut on the country's bailout interest rate last month.
"When Enda Kenny renegotiated Ireland's bailout programme some weeks ago there were other policy items we were pressing and we didn't succeed in getting them across the line," Mr Noonan told RTE Radio today.
"If a further round of talks about Europe and the advancement of fiscal policy in Europe occurs in the early autumn, we have a number of policy items to table there, and if we were successful, they would be to the benefit of Ireland."
Mr Noonan said he would like to see a system of guarantees by Europe's bailout fund for Irish bonds when the country returns to the market. He also said he would also like "some discussion" on the issue of euro bonds.