Nice chart via Markit:
Lat time I checked, (yesterday) Irish CDS were trading at implied cumulative probability of default of 12.25% - wider than Iceland's 12.02% or South Africa's 10.58%.
The mountain we climbed down from is impressive by all possible standards, but it is not remarkable, nor does if get much past the hardly 'untroubled' days of 2009-2010...
Lat time I checked, (yesterday) Irish CDS were trading at implied cumulative probability of default of 12.25% - wider than Iceland's 12.02% or South Africa's 10.58%.
The mountain we climbed down from is impressive by all possible standards, but it is not remarkable, nor does if get much past the hardly 'untroubled' days of 2009-2010...
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