Ireland Financial Crisis

According to this article Ireland is currently facing one of the world's worst financial crises. In November, the EU, International Monetary Fund, and the European Central Bank are going to allow Ireland to receive a $6.48 billion credit line. They also authorized the country to put $24 billion into their banks. The purpose of this loan is to reestablish consumer confidence in Ireland's banks. Also Ireland will simultaneously cut in half the tax it makes employers pay for each employee earning minimum wage.

I had no idea Ireland was currently in a financial crisis. I am about to go live there for a month, so you would think I would know this! Hopefully everything works out for them!