Ireland's finance ministry announced late yesterday new austerity plan which involves increasing savings

Ireland announces new budget plan,Trichet expects worries to decreaseIreland's finance ministry announced late yesterday new austerity plan which involves increasing savings and taxes to trim the high budget deficit, which is expected to reach 11.9% of GDP in 2010, and the cost of bailing out banks. The new plan includes gathering 6 billion pounds this year and 9 billion pounds over the