Worst of debt crisis ‘may be over’

The worst phase of the eurozone debt crisis could be over, as contagion from the worst-affected countries such as Greece is no longer having a systemic impact on the region, according to a new report by the Central Bank.

Markets are once again pricing sovereign bonds, according to country specific circumstances.

The report’s authors, Thomas Conefrey and David Cronin, looked at sovereign bond spreads throughout the eurozone from the advent of monetary union in 1999 to now.