European Commission President Jose Manuel Barroso and his team of EU commissioners travelled to Dublin on Thursday to mark the start of the Irish presidency.
Prime Minister Enda Kenny wants to use his presidency term to clinch a deal on restructuring Ireland’s bank debt and successfully exiting the bailout programme.
Banking supervision and reaching a deal on the EU budget will also be amongst Dublin’s priorities.
With EU leaders failing to agree on the EU budget in November, the Irish will be under pressure to reach consensus before the next summit in February.
Amid fears of a possible British exit from the EU, Kenny also urged his British neighbour Prime Minister David Cameron to establish closer ties with its European counterparts.
Responding to increasing euroscpeticism in the UK, Cameron recently said he wants to revisit UK’s relations with Brussels.
Ireland will hand over the rotating presidency to Lithuania in July.