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Ireland tries again to tame bank crisis

Already, Irish taxpayers have funnelled €46.3bn into the five biggest Irish banks. Four are nearly 100%-owned by the government, which holds about 36% of the fifth, Bank of Ireland.

Four times in the past two years, Irish authorities have tried to draw a line under their country's raging banking crisis. Now they are hoping the fifth time is the charm.

Ireland's central bank is today expected to unveil the results of 'stress tests' of four major lenders. Analysts expect the exams will show the banks need upward of €20bn ($28bn) in additional capital. That is likely to leave the Irish government as majority owner of virtually the entire banking sector.

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