Johm Drennan: Ireland now seen as bad debt waiting to happen
Default is the new game in town, but as we may yet find it is not without its risks, writes John Drennan
In these strange times, the views of JM Keynes about the disastrous economic consequences of the victor's peace in Germany may have become quite the designer read.
But in a week where the EU/IMF Axis of Bankers officially took over the Republic, we were reminded of the warning of the English poet Robert Herrick to "Gather your rosebuds whilst ye may" for the "flower that smiles today, tomorrow will be dying".
The rosebuds are certainly dead here and all that now remains are the thorns of reparations and default.