International Monetary Fund and The European Union are in the process of sorting out a rescue package worth up to 100 billion Euros in order to bail out Ireland’s banking sector. But there are many questions arising in the minds of people around the world that how it is going to affect their lives. Specially people living in EU and the broader world that are directly affected by this developing situation. Maybe at one point there are doubts arising on the Euro or the European monetary union as well. How this bailout will affect the Irish people and how it will have implications on rest of the world?