Ireland's financial crisis

The 85 billion euro bailout of the Anglo Irish Bank has increased taxes, reduced incomes, and overall decreased living standards of the Irish people. This is a result of a tightened government budget aimed to increase foreign investment and recover the economy. It is still unclear if the 85 billion dollars will be enough to tie the countries banks over until they recover, but government officials and economist are hopeful that it will be. To fix their crisis there have been ideas to either sell troubled loans to foreign banks and investors or sell Irish banks to foreign bidders. The government, however, is still unsure of what method it will employ.