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‘Triple-Digit Club’: Spanish Stocks, Bonds Slide, Spread To Bunds Hits 100bps As Rajoy Faces No-Confidence Vote

Sorry, Mario. Looks like September is looking less and less feasible.

Sorry, Mario. Looks like September is looking less and less feasible.
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3 comments on “‘Triple-Digit Club’: Spanish Stocks, Bonds Slide, Spread To Bunds Hits 100bps As Rajoy Faces No-Confidence Vote

  1. This vote of no-confidence is a consequence of the most recent ruling regarding a massive corruption scandal which started back in 1989 known as Gurtel case. Current spanish prime minister Mariano Rajoy was found as a “non-reliable source” when he was forced to testify.

    Sometimes the market just reacts without considering what has really happened.

    IMHO removing a party found guilty of large scale corruption, money laundering and fraud out of power should never be bad news for markets or risk premia.

  2. Ciudanos does not back the no-confidence vote, as it the socialist party that wants to govern, presumably with direct and/or indirect aid of Podemos and the various nationalist parties. Ciudanos wants elections.

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