NEW YORK (

TheStreet

) -- European Union officials are urging Ireland to accept a bailout in order to restore creditors' confidence in the nation and prevent Ireland's woes from affecting other eurozone countries, according to published media report.

EU policymakers increasingly believe that they must take early action on Ireland, said the report, which was published on

The Wall Street Journal's

Web site Saturday and cited senior officials. Officials recall that delays in helping Greece dangerously threatened investor confidence in the entire eurozone, the report added.

On Friday, European leaders sought to reassure Ireland's jittery creditors

, saying that tougher new terms for future bailouts will not hurt them.

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This article was written by a staff member of TheStreet.