Spain's stock market has lost a stunning 12% in two trading days. By most measures that's a crash. Nobody's talking about the magnitude of this, but they should be -- Spanish 10yr bonds pipped at 7.5%, which is more than Spain can pay.
http://market-ticker.org/akcs-www?post=209034
Denninger, as usual, spot on. Not sure I agree with the conclusion that the Euro will collapse. Debts that cant be paid, wont be paid. As ever.
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