Simone Foxman and Joe Weisenthal
Source: Business Insider
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 reports that Spanish CDS hits 500 BPS for the first time ever.
That also puts the IBEX 35 at its lowest since 2009.
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