Speaking at a press conference in Dublin, he said the IMF welcomed a statement earlier this week from euro zone ministers, who said they were ready to take further measures to deal with Europe's debt crisis. But, flanked by representatives of the ECB and the European Commission, Mr Chopra stressed that there should be 'prompt implementation' of these measures, adding that what was needed was a European solution to a European problem. At a previous press conference in Dublin, Mr Chopra had described the EU/IMF programme as 'an Irish solution to an Irish problem'. Meanwhile, Klaus Masuch of the ECB told reporters the bank's opposition to imposing losses on senior bank bondholders had not changed. The Troika representatives were speaking after approving Ireland's implementation of the EU/IMF financial programme so far. They said the programme remains on track, and that Ireland had 'continued to steadfastly implement' policies laid out by the programme. They said the EU/IMF plan had cushioned the impact of recent tensions in bond markets on the Irish economy. The Troika said reforms were being implemented to restore the banking system to health, while the budget deficit for the first half of the year was well within target.