Spain Is Looking Horrible

Markets started off slightly higher this morning in Europe, but things have gone south already.

Leading the way down is Spain, which is now worry-source #1 for the Eurozone.

Spain’s main stock index, the IBEX, is down 0.7%.

You can see that this benchmark index is now very close to its November lows.


Photo: Bloomberg

Yield on the Spanish 10-year is up to 5.388%.

The economy has become a parade of horribles, as it deals with deficits that are bigger than expected, growth which is slower than expected, and reforms which are taking place at a slower pace than expected.

Yesterday, Eurostat announced that youth unemployment in Spain had crossed above the 50% mark.

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