With the Greek bailouts, you usually saw one whole day of trading before markets realized this wasn't the end of the line. Not so much with the announcement of the recent Spanish bailout.
MADRID (AP) — Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain‘s hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.I still don't understand why Germany and the Scandinavian countries continue to provide funds for the south of Europe. Most of the "loans" won't be paid back in a timely fashion.
Greece holds elections this weekend, and there is still a chance that the anti-bailout-party will win. And Italy is waiting on the sidelines for its turn getting bailed-out. Like I said, I don't know what the Germans think they get out of this.