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Spanish general elections June 26, 2016

POSTED BY: SIGNYM
UPDATED: Friday, June 24, 2016 09:04
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Friday, June 24, 2016 9:04 AM

SIGNYM

I believe in solving problems, not sharing them.


In light of the recent "Brexit" vote, Spaniards may wind up giving Podemos the win.

Podemos is an anti-austerity party. Given than German and French banks are deeply enmeshed with Spanish, Portuguese, Greek and Italian debt, this may explain why German and French stocks (and especially bank stocks) have fallen farther than the UK. In a mass panic exit, the people out the door first are better off.

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