March 6, 2013
Spain Probably Won't Catch Italian Flu
Hugo Dixon, Reuters
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.
TAGGED: Eurozone, Europe, Spain, Italy