A bailout package for Ireland is still under discussion and it isn’t clear whether it will be OKd Sunday, a spokesman for the European Commission said Friday.

“It’s not decided … We are not there yet … We’re making good progress,” Amadeu Altafaj Tardio, spokesman for Economic and Monetary Affairs, told journalists.

An EU source told Dow Jones Newswires earlier Friday that European Union finance ministers will hold a teleconference Sunday to discuss the economic situation in Europe. The call is likely to involve finance ministers from all 27 EU member states, the person said.