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Dublin: 15°C Wednesday 22 September 2021
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The 5 at 5: Wednesday

5 stories, 5 minutes, 5 o’clock…

Image: Cappellmeister via Creative Commons/Flickr

EVERY WEEKDAY EVENING,TheJournal.ie brings you five things you should know as you head out the door…

1. #PRIORY HALL: The Irish Banking Federation has refused to meet with residents of Dublin’s Priory Hall, who are attempting to secure a freeze on their mortgage payments.

Residents were hoping that mortgages repayments by residents unable to live in their properties due to safety concerns could be suspended in such a way which would not result in interest accumulating. However, the IBF said that it would not meet with the residents, advising them the banks would only deal with residents’ mortgages on a case-by-case basis.

2. #INDONESIA: Tsunami warnings have been lifted after two earthquakes struck off the Indonesian coast earlier today.

The US Geological Survey said the first 8.6-magnitude quake was 435 kilometres from Aceh’s provincial capital – however it only resulted in a 30 inch wave hitting the country’s coast. A further 8.2-magnitude aftershock then hit, prompting another tsunami warning and sending panicked residents fleeing to higher ground.

On 26 December 2004, a huge 9.1-magnitude quake and tsunami hit the region, killing 230,000 people across a dozen nations.

3. #TEACHERS: The Minister for Education Ruairí Quinn has refused to rule out cuts to teacher allowances, saying that a “comprehensive review” of all allowances in the public service is to be undertaken by the Minister for Public Expenditure and Reform Brendan Howlin.

Trade unions representing teachers have warned that they will ballot on strike action if plans to cut teachers’ allowances are acted upon.

4. #ECB: The European Central Bank may be forced begin buying the bonds of its member states once again, after an auction of Italian short-term debt this morning met with poor demand from investors.

The ECB has bought virtually no bonds since mid-February, when the market yields of bonds in member states began to fall, but it may now kickstart a new phase of buying the bonds if investors decide not to give their cash to hard-up eurozone countries.

5. #DISTRESSED: How would you like to buy a house for €15,000? Well, if you’re looking for a two-bedroom property in Cavan, you could be in luck.

The next Allsop/Space auction will be held at the Shelbourne Hotel in Dublin on 3 May with a total of 106 properties going under the hammer – 30 of which have reserve prices of under €70,000.

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