Some peripheral euro-zone economies are already eyeing the exit from their bail-out programmes: Ireland this week successfully issued a €5 billion ($6.5 billion) ten-year bond. Tiny Cyprus is still queuing to get in. After interminable delay, a deal may now be on the cards. Euro-area finance ministers were due to meet on March 15th to discuss a new bail-out package for the island economy. The Cypriots requested help as long ago as June. One reason for the sudden rush is that they now have a new president, Nicos Anastasiades, whom European leaders regard as someone they can do business with, unlike his communist predecessor.
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