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March 6, 2013

Spain Probably Won't Catch Italian Flu

Hugo Dixon, Reuters

AP Photo

One knee-jerk reaction to Italy's shock election was to worry about contagion to Spain. As Rome’s bond yields shot up last Tuesday, Madrid's were dragged up in sympathy. These are the two troubled big beasts of the euro zone periphery and an explosion in either of them could destroy the single currency.

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TAGGED: Eurozone, Europe, Spain, Italy

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