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What it says in the papers

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A group of protesters and Gardai pictured outside the Four Courts during an earlier court hearing. Pic: Courts Collins

A group of protesters and Gardai pictured outside the Four Courts during an earlier court hearing. Pic: Courts Collins

Collins

A group of protesters and Gardai pictured outside the Four Courts during an earlier court hearing. Pic: Courts Collins

Here's a round-up of what it says in today's papers.

Every household in the country is set to get a €100 cash social welfare payment to offset the cost of water charges, the Irish Independent reports today.

Fionnan Sheahan, John Downing and Niall O’Connor write that the planned payment will be made over the course of next year by the Department of Social Protection – in a similar fashion to child benefit – to everyone who registers with Irish Water.

 

The same newspaper also reports that Bank of Ireland boss Richie Boucher has warned of potential unintended consequences of the controversial lending cap for mortgages, which the Central Bank are planning on introducing next year.

Capping mortgage loans at 80pc of the price of a house will lead borrowers to gamble on risky loans to make up the difference, he warned.

 

The Irish Times today reports how Irish food multinational Glanbia has put €1 billion into companies in Luxembourg. Colm Keena writes that these companies have no employees and such a move by Glanbia helps to reduce its tax bill here.

Glanbia feature in 28,000 pages of leaked documentation from PricewaterhouseCoopers (PwC) in Luxembourg detailing Advanced Tax Agreements with multinational companies around the globe.

 

The same title also reports they have obtained a letter written by former European Central Bank (EC) president Jean-Claude Trichet telling then Irish Minister for Finance Brian Lenihan to seek a bailout.

The letter was sent in late November 2010.

The Irish Times’ Cliff Taylor writes that the ECB threatened to cut off emergency funding from the Irish banking system unless the country immediately applied for bailout and agreed to a programme of austerity.

The publication of the letter is due to be discussed at a meeting of the ECB governing council later today.

 

‘No End To The Water Crisis’ is The Herald’s front page.

Laura Larkin writes that the crisis of Irish Water was showing no signs of ending amid more protests and confusion.

Three people were arrested at an event in which Taoiseach Enda Kenny was attending.

Tanaiste Joan Burton told the paper she was standing over her claims that the average family will pay less than€200.

The paper also reports that less than half of all households have registered with Irish Water.

 

Water also dominates the front pages of the Irish Examiner and Irish Daily Mail.

‘Water charges are “tearing the coalition apart”’ says the Mail.

‘Coalition in Crisis’ is the headline on the Irish Examiner, who say there is confusion over charges and a split on referendum.

 

A man has been charged with trespassing on U2 star Larry Mullen’s property, the Irish Sun reports today.

Ken Sweeney writes that the man is also accused of possessing a golf club with intent to cause injury or intimidate.

The 31-year-old man has appeared before court in relation to the incident which occurred on October 19 last.

 

The Irish Daily Star carries a picture of ‘Champagne Killer’ Karl Breen celebrating his freedom with a glass of bubbly.

Breen (34) was recently released from prison after serving a sentence for the killing of his friend Martin McLaughlin.

Online Editors