Tag Archives: Spexit Before Grexit? Six Reasons Spain Will Leave The Euro First

Mish/ Mike Shedlock – Spexit Before Grexit? Six Reasons Spain Will Leave The Euro First – 30 May 2012

Interest rates on the 10-Year Spanish bond touched 6.7% today after the ECB shot down prime Minister Mariano Rajoy’s Ponzi plan to recapitalize banks.

The Spanish banking condition is in such precarious shape that Matthew Lynn of Strategy Economics proposed ‘Spexit’ Will Come Before a ‘Grexit’. Continue reading