Die üblichen Krisenherde: Griechenland, Spanien, Finnland-Wahlausgang, US downgrade

aus dem heutigen Eurointelligence Daily Briefing

The crisis is back:

• Frenzy over increasingly likely Greek debt restructuring and outcome of Finnish elections sends eurozone bond spreads back up to crisis levels;
  
  
• Spain  has returned  once again in the spotlight of the markets;
  
  
• German and Greek newspapers report that officials had confirmed that debt restructuring would be under way;
  
  
• Reuters says investors disbelieve the story of a “voluntary restructuring”, fearing a massive forced restructuring down the road;
   
• Markets were also spooked by S&P downgrade threat for the US and the outcome of the Finnish elections;
  
• Finnish Social Democrats call for participation of True Finns in government, citing common ground on economic policy;
  
• Klaus-Dieter Frankenberger pleas for some perspective in the discussion over the significance of the True Finns;
  
• Peter Ehrlich sees the rise of a European Tea Party;
  
• Spanish bad loans ratio increases;
  
• Le Monde ruminates about the dichotomy of a strong euro and a weak eurozone;
  
• Wolfgang Schäuble supports Mario Draghi for the ECB presidency, but Merkel’s office sceptical about a “southern European”;
  
• The Bundesbank, meanwhile, went ballistic in its monthly report, criticising each aspect of the March 24/25 agreement as insufficient.