Worries of a Eurozone breakup have recently escalated with Greece, but this recent news from Spain on the nationalization of Spanish lender Bankia will only exacerbate that sentiment. Nouriel Roubini, aka Dr. Doom, agrees and believes that Spain will lose market access by the year’s end and would need a huge troika-approved bailout that would still only buy them time. Eventually, Spain might find itself alongside Greece – outside of the Eurozone. Read more
