David McWilliams: Ireland is staring down the barrel of bankruptcy
Published 21/07/2010 | 05:00
Why are interest rates for Irish debt rising? Because the risk of a blowout here is rising -- it really is that simple
IN THE summer of 1787, determined to show foreign ambassadors the might of Russian power in the newly subjugated Ukraine, Catherine the Great organised a boat trip down the Dnieper, past modern-day Kiev.
Her trusted field marshal -- who was also her lover -- Prince Gregory Potemkin organised a series of mobile villages to appear as soon as the imperial barge, stuffed with innocent and gullible foreign dignitaries, came into view.