NEW : IMF , EU ministers `` welcome '' Ireland 's request for financial assistance . NEW : according to a joint statement issued soon after Cowen 's announcement . The Irish government has agreed to a new bailout plan that will include tax hikes and spending cuts in return for the aid package. NEW : Taxes could rise and billions will be cut , Ireland 's prime minister says . Ireland 's finance minister said the country would ask for under 100 billion euros .
NEW : IMF , EU ministers `` welcome '' Ireland 's request for financial assistance . NEW : The Irish government has agreed to a new bailout plan that will include tax hikes and spending cuts in return for the aid package. NEW : Taxes could rise and billions will be cut , Ireland 's prime minister says . Ireland 's finance minister said the country would ask for under 100 billion euros .