Brian Cowen will today outline the events surrounding the bank guarantee in September 2008 and the Troika bailout two years later.

The former Taoiseach will give his second day of evidence to the banking inquiry, after spending ten hours last week answering questions about his time as Finance Minister in the run up to the crisis.

He has already given a hint about what he'll say today - in last week's opening statement he said the choice on September 29th 2008 was to go with the bank guarantee or set the country back 25 years.