Tag Archives: 97% Of Spain’s Social Security Pensions Are Invested In Spanish Government Debt

Mish/ Mike Shedlock – 97% Of Spain’s Social Security Pensions Are Invested In Spanish Government Debt – 5 April 2013

mish-image-15%Looking for a disaster waiting to blow sky high? I have one right at hand. El Economista reports 97% of pensions are invested in Spanish government debt in 2012.

The Reserve Fund of Social Security in 2012 increased their holdings of Spanish debt to 97% of total assets, up from 90% who had in late 2011. Continue reading