Today, Spain was downgraded by Moody’s over concerns the €20 billion the government has set aside for a banking sector bailout will not nearly be enough.But if you think the situation in Spain is bad, you need to look around a bit more.
CDS prices for Middle Eastern sovereigns, European trouble spots, and others remain high as a result of market concern they a primed to default.
The price to insure eurozone sovereigns like Portugal and Ireland has surged as a result of the Spain downgrade.
For this list, we’ve ranked countries by the market price to insure their debt. Their may be other methods, but this gives a good take on the current market view of the fiscal and political stability of these countries.