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16:37 Homeowners face higher mortgage repayments after the European Central Bank today raised interest rates by a quarter point to a five-year high of 3.5 per cent. The widely-expected move to contain inflation came after some of the strongest euro zone growth since the start of the decade. The decision will mean some of the gains announced in yesterday's Budget for mortgage holders, particularly first-time buyers, will be eroded.
Homeowners hit by interest rate increase
Cowen rejects Opposition claims on Budget
14:51 Minister for Finance Brian Cowen today denied accusations by the Opposition that yesterday's Budget was an attempt to buy the next election.Bishops condemn age-of-consent proposal
18:28 Irish bishops have condemned government proposals to lower the age of sexual consent to 16. The Catholic leaders criticised an Oireachtas committee for sending out the wrong signal on sexual activity.Bush says Iraq needs 'new approach'
18:21 US President Bush said today a "new approach" is needed in Iraq, following yesterday's report that said the current US military and diplomatic strategy is not working.
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