http://www.bbc.co.uk/news/business-18233033 The premium for Spain's 10-year bond over its German equivalent rose to 5.05 percentage points, the highest since the euro was formed..
The slow and silent run on banks in Italy and Spain - and Greece, of course - is a reality, according to bankers and regulators, although not yet a lethal one... http://www.bbc.co.uk/news/business-18234057
...In plain terms, by mid-June, Greece could very well be controlled by an anti-austerity, anti-bailout party that wants to completely do away with the second Greek bailout (which means a potential disorderly default).
This actually is the best possible outcome for Greece as the alternative is outright anarchy... http://www.marketoracle.co.uk/Article34874.html
http://www.bbc.co.uk/news/business-18074674 What could happen if Greece leaves the Euro?
http://www.economonitor.com/nouriel/2012/05/17/greece-must-exit/ The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone.
Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and competitiveness. Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits, and ever-deepening depression. The only way to stop it is to begin an orderly default and exit, coordinated and financed by the European Central Bank, the European Union, and the International Monetary Fund (the “Troika”), that minimizes collateral damage to Greece and the rest of the eurozone.
