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The 5 at 5: Wednesday

5 minutes, 5 stories, 5 o’clock…

EVERY WEEKDAY EVENING, TheJournal.ie brings you the five stories you need to know before you head out the door.

1. #IMF The IMF’s latest quarterly review of Ireland’s bailout progress has said that the progress of the country’s banks in dealing with troubled mortgage holders will have a make-or-break impact on whether it can escape from its bailout on a long-term basis. It also said that it is vital for European leaders to follow through on their pledges to split banking and sovereign debts.

2. #AUSTRALIA Australia has launched a national child sex abuse inquiry after a decade of growing pressure to investigate widespread allegations of paedophilia. Institutions including schools and churches will come under scrutiny, Australian premier Julia Gillard said, adding it is “an important moral moment for our nation”.

3. #HMV The former HMV Grafton Street store is up for rent for €1 million. It is one of the most high-profile properties to become available on the city-centre street for a number of years and estate agent Savills said there had already been “significant” interest.

4. #AIRTRICITY Airtricity’s parent company has been fined nearly €12.5 million for misleading customers in the UK. The customers were given information which made the company, SES, appear cheaper than competitors. SSE said that it was “deeply regretful that breaches occurred”.

5. #RIP Irish film actor Milo O’Shea has died aged 86. He passed away in New York and is survived by his wife, two sons and three grandchildren. He had starred in nearly 150 films and TV shows, including Barbarella, the Golden Girls, Cheers, the West Wing and Frasier.

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