27/10/2013: Irish CDS spreads: a reason to smile for a change...

It might be disheartening sometimes (often) to read the newsflow involving Irish economy. But occasionally, there are some really worthy decent news... Here's an example: 12 months difference in CDS spreads:

First Q3 2012:

Now, Q3 2013:

That's a huge change... even though we are still far from where we want to be, the change is impressive.