After flirting with disaster last July, interest-rate spreads for eurozone bonds have generally been subdued, and financial segmentation has been slowly reversed (that is, at least before European officials embarked on the controversial path of trying to impose losses on guaranteed bank deposits in Cyprus). Moreover, as Ireland’s highly successful €5 billion ten-year bond issue in mid-March demonstrated, some countries are in the process of restoring normal access to capital markets.
在经历了去年7月的灾难后，欧元区债券之间的利差大体上已经缩小，金融分裂之局逐渐扭转（至少在欧洲官员试图祭出让塞浦路斯受担保银行存款承受损失的争议手段之前是如此）。此外，3月中旬爱尔兰成功发行50亿欧元十年期债券表明，有的国家正在回归正常进入资本市场的状态。