We study the Eisenstein ideal for modular forms of even weight and
prime level . We pay special attention to the phenomenon of $\mathit{extra
reducibility}$: the Eisenstein ideal is strictly larger than the ideal cutting
out reducible Galois representations. We prove a modularity theorem for these
extra reducible representations. As consequences, we relate the derivative of a
Mazur-Tate -function to the rank of the Hecke algebra, generalizing a
theorem of Merel, and give a new proof of a special case of an equivariant main
conjecture of Kato. In the second half of the paper, we recall Kato’s
formulation of this main conjecture in the case of a family of motives given by
twists by characters of conductor and -power order and its relation to
other formulations of the equivariant main conjecture.

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