The crisis in Spain has reached the breaking point

We are now in another existential crisis for the euro zone with yields on sovereign debt from Spain and Italy spiking well over 6%. We have been here before, most recently in November. Then, it was Italy in Spain's position as the lead problem. Now it is Spain's turn on the hot seat. Yields for ten-year bonds in Spain have spiked to a record 541 basis points over equivalent bonds in Germany. Spanish ten-year debt now yields 6.65% after spiking to 6.703%. We are dangerously close to the 7% mark t...


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