Is The Bond Wolfpack Going To Skip Right Over Portugal And Start Feasting On Spain?

So far, the thinking has been: After Ireland comes Portugal and after Portugal comes Spain, and then it’s endgame for the euro. Either they breakup or merge all state finances and have the ECB monetise a huge chunk of the debt.

But if Ireland is a sideshow and can’t be firewalled, why would Portugal even be anything but a distraction?

Spanish yields are at record highs this morning. The main event may coom sooner than people are expecting.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

moneygame-us spain