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Morning top 5: Further 200,000 to lose jobs; ECB to buy €750bn in bonds; Dáil to pass emergency laws

Dublin, Cork and Limerick have the highest number of coronavirus cases in Ireland. Another 74 peo...
Michael Staines
Michael Staines

07.03 19 Mar 2020


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Morning top 5: Further 200,000...

Morning top 5: Further 200,000 to lose jobs; ECB to buy €750bn in bonds; Dáil to pass emergency laws

Michael Staines
Michael Staines

07.03 19 Mar 2020


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Dublin, Cork and Limerick have the highest number of coronavirus cases in Ireland.

Another 74 people tested positive yesterday, bringing the total in the Republic to 366.

The Department of Health has also published a breakdown of the country's first 271 cases.

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Most are linked to travel, a fifth are healthcare workers and almost a third of those with it are under the age of 34.

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Another 200,000 people will lose their jobs in Ireland in the coming days because of coronavirus.

The Irish Congress of Trade Unions says that's on top of the 140,000 workers who've already been laid off.

The group says this is nearly as bad as the total number of jobs lost in the first two and a half years of the economic crash.

ICTU is calling on the government to take further measures to address the situation.

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The European Central Bank has announced plans to buy an additional €750bn in bonds in a bid to support the Euro.

The bank said the Pandemic Emergency Purchase Programme will see the purchase of sovereign bonds and corporate debt.

It will continue until the COVID-19 pandemic is judged to be over.

ECB President Christine Lagarde said there are “no limits” to the bank’s commitment to the Euro.

“Extraordinary times require extraordinary action,” she said.

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The Dáil is expected to approve drastic new laws for responding to COVID-19 when it sits for the third time later today.

The new legislation allows authorities to detain people who refuse to self-isolate and allows them to shut down mass gatherings.

It also gives a legal footing to the enhanced welfare supports for people whose jobs have been hit.

Just a third of TDs have been asked to come to Leinster House to allow for social distancing in the Dáil chamber.

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Ryanair is expecting to ground almost all of its fleet from next Wednesday.

The airline cut its flight schedule by 80% from midnight last night and will only run a very small number of flights between Ireland and the UK from next week.

Meanwhile, Australia’s largest airline Qantas has said it is halting all international flights for two months.

The company is ‘temporarily standing down’ 20,000 staff as part of the decision.

Main image shows the Taoiseach Leo Varadkar during a visit to the UCD National Virus Reference Laboratory, University College Dublin, in Belfield, Dublin, 18-03-2020. Image:  Aidan Crawley/PA Wire/PA Images

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