With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday [3], it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond spreads are 12bps wider - their worst day in almost 4 months - as it appears Grexit fears are starting to creep into the rest of the periphery.
[4]
Charts: Bloomberg
