Live updates: follow the latest news on Russia-Ukraine
More than 80,000 Ukrainian refugees could arrive in Ireland, a government minister confirmed, after the UN said on Sunday that more than 1.5 million people had fled Ukraine since the Russian invasion.
James Browne, minister of state in the Department of Justice, said the movement of people from Ukraine was on a scale not witnessed in Europe since the end of the Second World War.
“The last time we’ve seen a kind of movement like this, to this degree in Europe, was at the end of World War Two when we saw a huge movement of German people who became refugees at the end of that war,” said Mr Browne.
“We haven’t seen anything like this since then.”
Around 1,400 people have entered Ireland, many of them to stay with relatives who already lived in the country.
Government ministers are examining options to accommodate the unprecedented number of further arrivals, including the use of modular homes on state land.
Members of the public will also be asked to volunteer to host refugees.
“We have learnt a lot over recent years in terms of dealing with the pandemic. We do know we have that capacity and that generosity and capability within a country to mobilise when we need to in the face of a very, very serious situation,” said Mr Browne.
“But we are now potentially looking at 80,000-plus. There is not going to be any cap on those numbers coming into this country.”
Last week the head of the of the UN's refugee agency Filippo Grandi said that he had “rarely” seen a flight as rapid as the one taking place in Ukraine.
Out of the total of 1,369,000 refugees recorded on Saturday, about 756,000 had crossed into Poland.
More than 100,000 had arrived in each of Hungary, Moldova and Slovakia, while others had reached Romania and smaller numbers went to Russia or Belarus.
Many more are expected to follow them in escaping Ukraine, with the UN fearing that more than four million will eventually be forced out by the war.
The total represents about 3 per cent of Ukraine’s population.
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UAE currency: the story behind the money in your pockets
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
UAE currency: the story behind the money in your pockets
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Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
