Daft Property - Irish Property News

Where do we go from here? As the State stepped in this week to avert a collapse of the Irish banking system, Joe and Mary citizen were left pondering a very uncertain future ... ' WE ARE WHERE we are . It's time to move on. Just do the vote. Just . . . just get it done. Okay?" blustered a Wall Street trader last Monday, minutes after the US Congress rejected the $700 billion (€505 billion) bailout for the banks. The CNN interviewer persisted with a question about the rage bubbling under Main Street USA. The tetchy trader ignored it. "We are where we are," he repeated. "It's time to move on. Just do the vote." Sound familiar? It should. The mantra was snapped up on this side of the Atlantic this week and used to quell the rabble demanding that the Irish masters of the universe be made to account for themselves before Ireland Inc's reputation was sold to save their necks. "Listen. We are where we are," snapped one cheerleader dismissivel...

Financial crisis...the main issues behind the government's decision to guarantee bank deposits... Q: Why did the Government guarantee bank deposits? A: It had no choice. After yesterday's collapse in bank shares and the rejection of the Paulson bank bailout plan in the United States, the Government had to move. With Irish banks paying a huge premium to borrow money from foreign banks our entire financial system had come within a few hours of completely seizing up. Q: How safe are my savings? A: After this morning's move, the savings of bank depositors are now 100pc state-guaranteed. This means that savers who have money deposited with the six Irish banks -- AIB, Bank of Ireland, Irish Life & Permanent, Anglo Irish, EBS and Irish Nationwide -- can sleep easily in their beds at night. Q: Which banks aren't covered by the guarantee? A: None of the foreign-owned banks are covered by the guarantee. These include Ulster Bank, NIB, First Active, Bank of Scotland, Halifax a...

Celtic Tiger eatery closes its doors as downturn really bites... Now facing closure, Cooke's Cafe has long been one of the favourite eateries of the cashed-up chattering classes in Dublin. But the award-winning venue -- which counts celebs like U2 among its customers -- has this evening been served up as the industry's first high-profile casualty of Ireland's credit crunch. A spokesperson for the eatery, situated on the corner of South William Street and Castle Market, has confirmed to the Herald that they will cease trading at the end of this month. "It's true, we're closing up," he said. Shock In news that has sent shock waves through the tight-knit circle of Dublin restaurateurs and chefs, Cooke's will close its doors in two weeks. It's understood that the lease has now been bought by Abrakebabra owner Graham Beere, who has indicated he may turn it into a sushi restaurant or use the venue to extend his chain of Gourmet Burger Kitchen. As proof t...