As some pockets of the financial markets flash red with now-familiar signs of euro-crisis panic, the value of the common currency itself is going nowhere. Friday, the cost of insuring Spanish government debt against default hit yet another record, suggesting that investors are increasingly nervous that the currency zone’s debt crisis could yet claim a huge victim. Spanish stocks are also suffering stomach-churning lurches lower, with the key index hitting a new three-year low. In earlier iterations of the euro crisis, particularly the first few months of the Greek crisis, such shifts in stocks and default swaps hit ... (full story)