For all the angst-ridden headlines proclaiming that Greece is heading for the euro-zone exit door, markets are saying this is no repeat of the debt crisis that peaked four years ago. While the extra yield investors demand to hold Spanish bonds instead of benchmark German debt has widened to 151 basis points from 85 in March, it’s still well below the 650 basis points seen in 2012, when Greece was last flirting with bankruptcy. To investors, that suggests the chances of contagion to the rest of Europe have diminished. “Greece might be symbolically important for Europe but it’s no financial Lehman,” said Stephen Jen, ... (full story)