For over 30 months traders around the world have cautiously watched the world’s largest continental economy flirt with disaster. Initially, each scare was met with action from the European Central Bank, an effort to ‘stem contagion,’ which is just a drawn-out way of saying they were trying to keep the infection from spreading. As the Spanish economy continues to increase the rate at which their downward spiral is spinning, it’s becoming more and more obvious that efforts to ‘stem contagion’ have failed. The map below will show each economy in the Euro-zone with their relevant debt ratings. Countries whose bonds are ... (full story)