Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Photo by NASA Goddard Photo and Video on Flickr

Poll: Are you confident that the full extent of the black hole in Irish banking will be exposed today?

Today’s stress tests are expected to draw a line under the banking crisis. But are you confident we’ll know the full story at last?

TODAY’S CRUNCH STRESS tests are expected to reveal a black hole of anywhere between €18 billion and €30 billion in Irish banks.

Today marks the fifth attempt to recapitalise the banks: in the earliest days of the crisis in late 2008, it was expected that just €5.5 billion would be need to plug the gap. This later became €11 billion, and then inched up to €35 billion by March 2010, and to €46 billion last September.

After today’s figure is tallied, the cost of the banking crisis is expected to be far in excess of €60 billion.

But are you confident this will be the final bill?


Poll Results:

No (590)
Yes (87)
I don't know (63)

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
JournalTv
News in 60 seconds