EVERY MORNING, TheJournal.ie brings you nine things you need to know with your first cup of coffee…

1. #EUROZONE: Ireland will be allowed to “re-engineer” our bank debt after EU leaders reached a deal to ease the burden on bailed-out countries, Taoiseach Enda Kenny has said. The agreement came in the early hours of this morning at an impromptu summit of EU leaders.

2. #FLOODS: A major cleanup operation is under way in Cork after several areas were seriously damaged by flooding yesterday. The county council has insisted that it was prepared for the floods, RTÉ reports.

3. #TEACHERS: Ireland’s education system has been heavily criticised – by the new Young Teacher of the Year. Evelyn O’Connor hit out at the “injustice” of the secondary school system and said she did not even know whether she’ll have a job next year.

4. #NORTHERN IRELAND: The famous handshake with the Queen could be the beginning of a “new relationship” between Britain and Ireland, Martin McGuinness has said. In a keynote address last night he said reconciliation would be “built on the firm foundation of mutual respect”.

5. #NO IRISH: The Dublin-born owner of a hostel in Queensland, Australia has banned all Irish backpackers, saying they are now notorious for their drunken bad behaviour. “We have had enough of the Irish backpackers,” Thomas Dunne told the Irish Echo. “It’s sad really because the other nationalities say the same about them at the other hostels.”

6. #TAXIS: Taxi drivers will seek a 10 per cent hike in fare rates later this summer, the head of the National Private Hire and Taxi Association has said. Christy Humphrey told the Irish Daily Star that drivers “cannot make an honest living” at current rates.

7. #SUPREME COURT: The Chief Justice of the Supreme Court has said the court’s current situation is “unsustainable”. In an opinion piece on TheJournal.ie, Susan Denham said there was now a three-and-a-half year waiting list 0f appeals alone, with even priority cases waiting nine months for a hearing.

8. #OLYMPICS: Two men have been arrested in London on suspicion of planning a terrorist attack against an Olympic Games venue. The Telegraph reports that the pair, said to be converts to Islam, are in custody after dawn raids by counter-terrorism officers.

9. #FINALLY: If you haven’t had your breakfast yet, this could change everything: a UK firm has invented a knife that spreads cold butter directly from the fridge. The Toastie Knife has a self-heating blade which softens butter to the ideal consistency for your morning slice, the Daily Mail reports.