Cornerstone Global Associates

Archive for November 2011

Spain: the unseen multiplier to Greek political risk

Posted by: msomos on: November 4, 2011

Since yesterday, markets around the world have been breathing premature sighs of relief. If Papandreou falls, and elections are called to around late November, it'll coincide with, or shortly follow, the Spanish elections of 20 November. Spain posted 21.52 per cent unemployment last week, the highest in the industrialised world. It is unlikely that the […]