After Greek Default, Spain And Portugal Pose Major Risk
- Tuesday, March 13, 2012, 3:37
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Markets have begun digesting Greece’s managed default, with the Hellenic Republic’s new bonds trading at distressed levels. Attention will now shift to the Iberian Peninsula, where Portugal will probably avoid anything like the Greek restructuring in 2012, while Spain will fail to meet its deficit targets, paradoxically under the auspices of German Chancellor Angela Merkel.
http://www.forbes.com/sites/afontevecchia/2012/03/12/after-greek-default-spain-and-portugal-pose-major-risk/
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