The Finance Minister Michael Noonan is expected to unveil a fundamental restructuring of the Irish Banking system later today.
The highly-anticipated results of stress tests will be announced by the Central Bank this afternoon, and are expected to indicate the banks need another 18 to 23 billion euro – or even more.
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It could bring the cost of Ireland’s banking bailout to more than 80 billion euro.
Last night it was announced that Bank of Ireland and AIB shares will be suspended ahead of the publication of the stress tests today – Irish Life and Permanent shares were suspended yesterday morning.
The results of the stress tests will be revealed around 4.30 this afternoon
