Is Spain the next Italy, or is Italy the next Spain?
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Is Spain the next Italy, or is Italy the next Spain?

With the monetary morphine of the LTRO wearing off, the Eurozone’s two bellwethers of sovereign risk are again under scrutiny. As Nicholas Spiro writes, while the fundamentals are worse in Spain, the “Monti effect” is fading at an inauspicious time for Italy.

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