That’s our tagline here at ForexLive. We try and get you think about what the big issues are going to be before the market gets there. Case in point. We’ve been writing for at least a week that the ECB bond buying plan is only as good as the willingness of Spain and Italy to ask for aid.
In the case of Spain, it is probably just a matter of time, before bank and regional bailouts drain the treasury. Italy has a bit more time on its side but only so long as Mr. Market is in a benevolent mood. If he sniffs out that neither of the target countries is willing to accept aid, yields could spike anew and the crisis will return with a vengeance.
