PRESS DIGEST - Ireland - Jan 6
DUBLIN, Jan 6 (Reuters) - These are some of the leading stories in Ireland's newspapers on Tuesday. Reuters has not verified these stories and cannot vouch for their accuracy:
THE IRISH TIMES
- The government has begun the process of borrowing billions from world bond markets to finance the running of the state as it confirmed yesterday that it recorded the largest deficit to date in public finances in 2008.
- The inquiry team set up to investigate the Financial Regulator's handling of the directors' loans controversy at Anglo Irish Bank ANGL.I is due to report its findings to the regulator's board by Friday.
IRISH INDEPENDENT - Taoiseach Brian Cowen was last night urged to take immediate action to salvage the economy after it emerged the government will have to borrow 45 million euros a day this year to balance the books.
- Fianna Fail TD Beverley Flynn threw down the gauntlet to Taoiseach Brian Cowen last night, insisting amid growing fury that she is "entitled" to a 41,000 euro allowance aimed at independent TDs.
IRISH EXAMINER
- The government stepped in last night to try to find a way to minimise job losses from the failed Waterford Crystal plant.
- The threat of public sector pay cuts loomed last night as new figures revealed government finances could plunge 17 billion euros into the red this year.
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