It’s clear that the European debt crisis is heating up and as proof of that Spain’s bond yields continue to rise, edging closer and closer to the 6% level. Market players can’t help but note how Spain is looking more and more like the next Greece, perhaps even beating out Italy for that particular “honor.” While Spain “only” has EUR600 billion in debt that matters little to analysts who generally agree that, before too long, yields on both Spanish and Italian bonds will rise to unsustainable levels… just like Greece’s did. Read more
