Deputy Padraig MacLoughlainn claims a FG/FF coalition would better suit Ireland

Fine Gael and Labour are preparing for a third day of negotiations aimed at putting together a new coalition government.

Both sides are hoping to have some kind of framework in place by the weekend.

New comments from the German Chancellor will be hanging over today's talks - Angela Merkel has said it's not possible to artificially lower the interest rate charged on our bailout deal.

Meanwhile Sinn Fein Deputy elect Padraig MacLoughlainn says Labour should not form a government claiming a Fine Gael / Fianna Fail alliance would be better for the country.

He says a strong left movement needs to be established and Labour should be part of it: