Every morning, TheJournal.ie brings you nine things you really need to know with your bowl of cornflakes.
1. #BANKS: The fallout is continuing this morning from what the Central Bank governor Patrick Honohan described as one of the most expensive banking crises in history. There is anger in almost all the papers over the fact that senior bondholders will not be asked to share the burden of the cost, and that the government has not obtained any concessions from the European Central Bank over the support it provides to the banks. However, Reuters reports that the EU may offer concessions on the bailout if weak economic growth prevents Dublin meetings its targets. And if you missed the reports yesterdays, here’s our stress-tests-by-numbers guide.
2. #INVESTIGATION: Separately, the Financial Regulator Matthew Elderfield said on last night’s Prime Time that he believe criminal charges would arise from the garda investigations of wrongdoing at the banks, but that it could take time.
3. #REACTION: As observers wait anxiously to see what the markets make of the stress test results and planned restructuring of the banks, the international media have been absorbing the news. The Wall Street Journal calls it “Ireland’s never-ending stress test”, saying: “When it comes to Ireland’s economic meltdown, big numbers have lost their power to shock”, while the FT’s Lex column says it’s time to “call the fat lady” and the Telegraph hopes it will be “second time lucky” for Ireland. The news is also covered in the Guardian, the LA Times, China’s Xinhua New Agency, and the New York Times.
4. #DRUGS SEIZURE: Two men have been charged after the seizure of 70kg of cannabis worth €420,000.
5. #DEIRDRE: Gardaí are investigating the circumstances of the discovery of the body of 43-year-old Deirdre McCarthy, which was found on Fanore beach yesterday. The results of her post mortem are expected later this morning. The Sun reports that gardaí are confident of making an early breakthrough in what’s likely to become a murder inquiry.
6. #SCAMS: Three out of every five Irish people have been targeted by scammers and the incidences of online scams are growing, according to new research published this morning by the National Consumer Agency.
8. #SHOOTING: A man has been arrested on suspicion of the attempted murder of a five year old girl who was shot in a shop in South London, the BBC reports.
9. #ROYALS: Clarence House has been forced to apologise to Mary Harney after inviting her to the royal wedding in error. It’s thought the palace had intended to invite the president, Mary McAleese. Oops.