Grexit and Spanish election risk - Scotiabank

FXStreet (Guatemala) - Eric Theoret, CFA, CMT Currency Strategist at Scotiabank explained that political risk is the primary focus for now in the EZ with a Grexit uncertainty.

Key Quotes:

"As market participants consider Spain’s local elections over the weekend, with results highlighting growing support for anti-establishment parties."

"Spain’s IBEX is down nearly 2% and most European indices are also weak given the tightened focus on Greece and its ability to meet IMF obligations over the coming weeks. "