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The Meltdown is Engulfing Spain

The Meltdown is Engulfing Spain

(Madrid)

This is Europe week for financial markets. Italy is currently engulfed in a political, and increasingly markets, crisis. Now the panic and political gloom is spreading to Spain. The country's Prime Minister, Mariano Rajoy, is set to face a no confidence vote and the outcome is very uncertain. Accordingly, Spain's sovereign yields have been rising alongside Italy's. The no confidence vote will be held on Friday and comes following a ruling of corruption against the center-right party of which Rajoy is leader.

FINSUM : Southern Europe is back in the news this week after a six-year hiatus. We don't think anything major will be caused by Spain, but the Italian situation is very dicey.

  • Spain
  • Italy
  • bonds
  • yields
  • euro

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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