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Dublin: 5°C Thursday 13 May 2021

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 (588)
Yes (87)
I don't know (63)

About the author:

Jennifer O'Connell

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