Every day, TheJournal.ie brings you nine things you really need to know with your morning coffee.

1. #BAILOUT: An outline of the revised terms of the EU/IMF bailout package will be published later this morning – it’s expected to incorporate the reversal of the cut to the minimum wage. We’ll be livetweeting the details from our @thejournal_live account.

2. #MOODY’S: Credit ratings agency Moody’s has cut Ireland’s rating from Baa1 to Baa3. Moody’s kept Ireland’s outlook as negative, believing the economy could decline further. Moody’s last downgraded Ireland in December.

3. #PROPERTY: Eighty bargain basement properties are up for auction at the Shelbourne today, including a site in Wicklow town for €20,000 and a flat in Temple Bar for €80,000. Up to 1,000 people are expected to attended, and the auction will be broadcast live into Doheny and Nesbitt’s pub.

4. #TUBRIDY: Ryan Tubridy will be taking over Graham Norton’s Saturday morning BBC Radio 2 show from late July, it’s confirmed this morning.

5.  #BROKE: 250,000 people have no money left after paying off their mortgage and utility bills, a survey by the Irish League of Credit Unions has shown. People are stressed out by the prospect of unexpected medical bills – and 400,000 believe there is no future for their family in Ireland, the Examiner reports.

6. #TRAPPED: An inquest has heard how a 14-year-old boy phoned his father and pleaded desperately for help as he lay trapped on train tracks, before being hit by a train at Portrush. The boy told his father in his last, terrified call that he’d been attacked in a nearby pub and was being chased, but prosecutors say there’s insufficient evidence to bring a case against two suspects, the Independent reports.

7. #OLDEST MAN: The world’s oldest man, Walter Breuning, has died aged 114 in the USA – 54 year after his wife of 35 years passed away. His long health was attributed to a strict regime of two meals a day.

8. #SHAMED: The former UN inspector Scott Ritter has been found guilty of unlawful contact with a minor following an online sex sting, in which he had sexually graphic chat with a police officer posing as a 15-year-old girl named Emily. He was convicted on six of seven counts. A decade ago, he was charged in New York with trying to set up a meeting with a police officer posing as a 16-year-old – those charges were dismissed after 6 months probation, the BBC reports.

9. #BERLUSCONI: The Italian premier Silvio Berlusconi has described the girl at the centre of the underage sex allegations against him as a “mythomaniac”, who lies compulsively.  He went on to add: “I have a talent for being friendly, getting people to think highly of me and making friends”, the Telegraph reports.