Published on The Galactic Free Press (//soundofheart.org/galacticfreepress)

FRIDAY 13TH - SPAIN AND ITALY ARE IMPLODING [1]

SPAIN AND ITALY ARE IMPLODING

Posted on April 13, 2012 [2]

Simone Foxman [3] and Joe Weisenthal [4]
Source: Business Insider [5]

Apr. 13, 2012, 10:02 AM

Total disaster in peripheral Europe today.

Both Spain and Italy are imploding today.

Spain is off 4%!

Italy is off 3.5%!

Here’s Italy’s FTSE MIB index.

UPDATE: Gavan Nolan of Markit [6] reports that Spanish CDS hits 500 BPS for the first time ever.

That also puts the IBEX 35 at its lowest since 2009.

Spanish bailout ‘impossible’ for eurozone, says prime minister Mariano Rajoy [7](jhaines6.wordpress.com)
Unsettling News on the Unresolved Eurozone Crisis [8] (thepressnet.com)

Category:

Ground Crew Updates [9]

Source URL: //soundofheart.org/galacticfreepress/content/friday-13th-spain-and-italy-are-imploding

Links
[1] //soundofheart.org/galacticfreepress/content/friday-13th-spain-and-italy-are-imploding
[2] http://jhaines6.wordpress.com/2012/04/13/spain-and-italy-are-imploding/
[3] http://www.businessinsider.com/author/simone-foxman
[4] http://www.businessinsider.com/author/joe-weisenthal
[5] http://www.businessinsider.com/spain-down-over-3-2012-4
[6] http://www.businessinsider.com/chart-on-the-spanish-economy-2012-4
[7] http://jhaines6.wordpress.com/2012/04/12/spanish-bailout-impossible-for-eurozone-says-prime-minister-mariano-rajoy/
[8] http://thepressnet.com/2012/04/13/unsettling-news-on-the-unresolved-eurozone-crisis/
[9] //soundofheart.org/galacticfreepress/category/type-post/galactic-free-press/ground-crew-updates