As far as I know this story hasn't really broken in Ireland - and it certainly has a human interest dimension to it.
As you can see in this youtube video between the 52nd second and the first minute and 4 seconds http://www.youtube.com/watch?v=PKDdF6vfjoo the watch (Timex) which Bush was wearing disappeared during a hand-shaking session with Albanians (the only Europeans who like him).
Since then the USA has officially denied that any Albanian would do such a thing especially considering how Albanians are very sensitive about the bad reputation for pickpocketing, Faganism and general light fingered-ness a clear minority of their migrants have sadly brought their whole nation.
http://www.guardian.co.uk/usa/story/0,,2101639,00.html
Of course some US media people are taking the piss out of both Bush and Albanians -
"Shqiprim Ilir, has confessed to taking George W Bush's watch off his wrist during his recent street 'meet and greet', in an 'intense' interview with this web site. http://www.thevoiceofreason.com/2007/06/BushWatch.htm
It really is quite a cool story at this link you will see highlighted photos of the presidential arm with a watch and without a watch :-
http://www.timesonline.co.uk/tol/news/world/europe/arti...6.ece