Citi’s top conomist Willem Buiter has been warning about Spain a lot latley, and in a new client note he reiterates the worries he has.
The risk of a Spanish debt restructuring is higher now than it’s been since the beginning of the crisis, said Citigroup Inc. chief economist William Buiter in a research comment published Wednesday. “Spain looks likely to enter some form of a troika program this year, as a condition for further European Central Bank support for the Spanish sovereign and/or Spanish banks,” said the former Bank of England Monetary Policy Committee member.
This is a reiteration of comments he made elsewhere in the media. See here for mroe on his recent pronouncements >
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