Ireland is an island nation located in northwest region of Europe, right beside the United Kingdom. Interestingly, the island itself is split into two, the Republic of Ireland, and Northern Ireland, which is part of the United Kingdom.

Ireland uses the euro as its currency, making it part of both the euro zone and the EU.

The Irish economy is heavily services dependent, focusing primarily on high-tech and knowledge services. Other industries that play an integral part to the Irish economy are pharmaceuticals, food products, computer software, and medical equipment.

Naturally, one if its largest export partners is the United Kingdom, who take up 15% of all exports. First is the United States, who are responsible for 23% of total exports.

Ireland is also part of the PIIGS and was the second nation to receive a bailout from the EU-ECB-IMF Troika to help shore up its banking sector.