Chart of the week: the return of the Celtic Tiger

Ireland’s economy has recovered so strongly since the financial crisis that yields on Irish government bonds are edging below French bond yields, despite France traditionally being deemed the better credit risk.

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The crisis in the periphery of the eurozone is far from over. But unlike the Mediterranean countries, Ireland has recovered so strongly it grew by 5.2% last year that investors are now treating it as a core state, notes Kate Allen in the Financial Times.

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