Economy

xchrom

(108,903 posts)

30. SPAIN IS GETTING WALLOPED

Thu Jul 5, 2012, 10:04 AM

Jul 2012

http://www.businessinsider.com/european-markets-collapse-2012-7

So much for convincing investors that Europe is fixed.
The European Central Bank's latest monetary policy decision—a 25 bps rate cut—hasn't bolstered confidence, either.
UPDATE: Markets across Europe are tanking, although France and Germany are off their lows. No such luck for Spain. A quick look at the scoreboard:
German DAX: -0.7%
French CAC 40: -1.1%
Italian FTSE MIB: -2.3%
Spanish IBEX 35: -3.1%
The IBEX 35 is just getting destroyed:

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