NAMA D-Day: Lenihan throws the dice

FINANCE Minister Brian Lenihan will today pull the trigger on the Government’s make-or-break plan to fix the country’s banking sector.

His speech after the stock markets close this evening will detail how many billions will be pumped into the sector and how this pot will be divvied up between each institution.

Mr Lenihan will reveal the likely stake the state is prepared to take in Bank of Ireland, AIB, Irish Nationwide Building Society and the EBS if the banks fail to raise money privately. He will also outline how much he will pay to keep Anglo Irish Bank afloat while a rescue plan is scrutinised by the European Commission.