This report is a little more upbeat:
http://www.breakingnews.ie/business/?jp=CWSNMHAUAUKF
I would imagine it's a case of going back to the various EU member states to report on the position and to obtain some direction. If the EU member states are happy with the EU proposals, then it should be possible to reach an agreement by next month. One can't be VERY optimistic, given recent developments, but again, I ask: what's to be achieved by holding out when there is realistically not a lot to hold out for.