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The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock…
May 4th 2012, 4:51 PM 3,070 2

EACH WEEKDAY EVENING, brings you five things you should know before you head out the door for the day.

1. #BRADY: The Catholic Church has denied reports that Cardinal Seán Brady offered his resignation to the Vatican two years ago as the controversy over the handling of child rape cases continues. The Church said that  a report on the front page of the Irish Independent that the primate of All Ireland had offered his resignation was confused with an actual request for additional support from the Vatican. There were further calls for Cardinal Brady’s resignation today.

2. #REFERENDUM: The Socialist MEP Paul Murphy has made a formal complaint to the Referendum Commission over claims in its referendum guide about Ireland’s access to the European Stability Mechanism. Murphy says that the booklet implies that the legislation providing for the ESM has already been enacted when in fact it has not.

3. #IRISH BONDS: Norway has sold off its entire holding of Irish government bonds as part of efforts to reduce its exposure to the eurozone crisis. Norges Bank Investment Management, which manages Norway’s sovereign wealth, said that Irish and Portuguese bonds were not ‘predictable’.

4. #BATTERSEA: Chelsea FC have ambitious plans to build a new stadium in London and that could be good news for Ireland’s National Asset Management Agency (NAMA) which is owed around €130 million from companies in debt to it that own the iconic Battersea Power Station site in London. The site is currently the subject of legal battles between Treasury Holdings and NAMA and here’s some of the ambitious plans being put forward by the Blues.

5. #COLLEGE GREEN: The Minister for Arts Jimmy Deenihan has admitted defeat in his bid to take the iconic Bank of Ireland building on College Green in Dublin back into public ownership. The former site of the Irish Houses of Parliament was sold to Bank of Ireland in the 1800s but Deenihan had hoped to take it into government control. He has now admited that it is “no longer a matter for debate”.

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Hugh O'Connell


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