Tuesday 12 December 2017

David McWilliams: Ireland is staring down the barrel of bankruptcy

David McWilliams

David McWilliams

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.

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