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Thursday 7 December 2023 Dublin: 11°C

The 5 at 5 5 stories, 5 minutes, 5 o’clock…

EACH WEEKDAY EVENING, brings you five things you need to know before you head out the door.

1. #ULSTER BANK: Almost four weeks after Ulster Bank’s catastrophic “technical glitch” which disrupted services for people across the country, the bank has announced that its systems are running as normal for the majority of customers. However, in a letter by CEO Jim Brown today, customers are also warned that the full clear-up could take some weeks to complete.

2. #ROSCOMMON: Authorities at Castlerea Prison in Co Roscommon this morning discovered that the two men, both in their 20s, had escaped the facility.

The two brothers, who had reportedly been serving sentences for breaking into parking meters in Galway, had been housed in the Grove area of the prison which is a semi-open area with a small housing facility that is within the secure confines of the prison complex.

3. #MICHAELA: The offices of the ‘Sunday Times’ newspaper in Port Louis were raided by Mauritian police this morning following the publication of images of the body of Michaela McAreavey yesterday, according to RTÉ.

The Tánaiste Eamon Gilmore met with the Irish ambassador to Mauritius this morning over the publication of the images. Meanwhile, a lawyer for the family said that the newspaper’s actions could hinder the continuing murder inquiry and prospects of another trial.

4. #BURNING THE BONDHOLDERS: A report in today’s Wall Street Journal regarding the Spanish bailout has sparked renewed debate over the possibility of Ireland burning bondholders.

The Minister for Finance has been called on to clarify reports that the president of the European Central Bank supported imposing losses on senior bondholders at Spanish banks as part of their bailout agreement.

5. #DISPOSABLE INCOME: The income of Ireland’s poorest households fell by more than 18 per cent in one year – while the income of the richest households rose by 4 per cent, according to a report examining how Ireland’s income distribution has changed over the past 30 years.

The Poverty and Income Distribution publication looked at income and poverty in Ireland, and made recommendations regarding the action required. Dr Seán Healy, Director of Social Justice Ireland said there had been “something profoundly wrong” with the government decisions that produced such a lop-sided distribution of income.

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