By James Williams – Ireland has had a lot to contend with, economically, in recent times. Earlier this year the Irish Central Bank identified that an additional EUR24 billion was needed on top of the EUR46 billion bailout package to Ireland’s failing banking system agreed upon back in September ’08. Allied Irish Bank, Bank of Ireland, building society EBS and Irish Life and Permanent all received emergency funds. Bank of Ireland now remains the only Irish bank not to be fully nationalised. Finance Minister Michael Noonan said that the country’s banks would be turned into two new “universal pillar banks” with AIB merging with EBS.