Ireland is set to reveal up to a 25 billion euro hole in its banks' capital and a radical restructuring of the sector as it releases stress test results on Thursday in a last ditch bid to calm nervous markets. The government will also announce plans to fold the EBS building society into the country's second largest lender Allied Irish Banks (ALBK.I), the Irish Independent reported, citing government sources. It said the insurance arm of Irish Life (IPM.I) would be sold and the government would create special vehicles to take 80 billion euros off the balance sheets of the four main banks.
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