Ireland vs. Spain: Who is on the rebound?

Interesting post by New York Times writer Paul Krugman.

The Princeton economist and Nobel Prize winner for economics says that Spain is doing better than Ireland. Not a clean comparison, Krugman acknowledges. Ireland had a bigger bubble economy than Spain. So any turnaround for the PIGS is like being the tallest dwarf on the futbol team.

But the 10-year bond charts are interesting

If you look at the interest rates for bonds, EU financial markets clearly have less concerns about Spain than Ireland. Notice the declining interest rates for Spain. A very good thing in choppy waters.