A truly disastrous week for Rajoy

The events over the last week have taken Spain’s PM Mariano Rajoy to the edge of the abyss.
A one-word explanation on why the eurozone cannot inflate its way out of trouble: Spain!

In view of the deflation that is coming to the deficit countries, having German inflation rise above average is as inevitable as it is useless.
Why shorting Spanish and Italian Bonds is the Right Trade

I continue to believe that longer dated Spanish and Italian bonds are poised for a significant sell-off.
Spanish Flu May Send EU to Bed

The implications of the present situation in Spain could be more far reaching than is currently anticipated and the contagion it represents could lead to a fundamental change in the world’s monetary order.
«They have made a blood pact: no bank will collapse» – Niño-Becerra

Interview with Santiago Niño-Becerra, professor of Economic Structure at the University Ramon Llull in Barcelona.
Meanwhile in Spain… (cartoon)

Spanish Prime Minister Rajoy and Finance Minister De Guindos warn about trouble ahead…
Spain’s Rajoy Goes ‘All In’ On Austerity

Unless Rajoy’s bet to go “all in” on austerity is backed by Brussels and Frankfurt, Spain may not end up doing “something similar” to Portugal, but Greece.