Ireland ten-year bond rates

Link here, CDS spreads are down too, and that happened during a period when the euro crisis got much worse overall.  Don’t get me wrong, there is still plenty wrong with the Irish economy, most of all the need to cough up many years of illusory gains and re-plan accordingly.  I’m just pointing out that not many of the classic Keynesians predicted this outcome, to say the least.

I thank TallDave for a related pointer.


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