Eurogroup chairman Juncker says markets should not equate Spain with Greece. The fundamentals are very different, he says.
The problem for Europe is that Spain is several orders of magnitude more important than Greece. It is the epicenter of the European housing bubble and its domestic banking system is shambles…
Other than that, everything’s cool!
EUR/USD is chipping away at offers ahead of 1.2300 barriers. 1.2396 is the high so far. 98 was yesterday’s high.
