Ireland: The Hottest Country In The Eurozone

July 3rd 2012
Joe Wiesenthal
Business Insider

The hottest bailed-out country in the Eurozone is IRELAND.

Today's PMI came in at 53.1, as production increased at the fastest pace in 11 months, while manufacturing improved at the fastest pace in 12 months.

While unemployment in the Eurozone just hit a brand new record, Irish unemployment of 14.6 percent stayed flat, and is below the 14.8 percent where it was in March.

Ireland currently is under a bailout and doesn't fund itself on the market, but yields on its bonds are trading way lower.

Here's a look (via Bloomberg) at the Irish 2-year yield.