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The Spanish Market Is Collapsing Too

Joe WeisenthalFeb 26, 2013, 14:00 IST

APWe just noted that the Italian market is plunging today -- down nearly 5% -- after an election that seems virtually guaranteed to lead to a hung parliament or an unstable coalition incapable of doing anything.

The vote was not only a rejection of the current "reform" path, it was a big rejection of the EU/Merkel/the ECB/etc.

Anyway, the fallout isn't limited to Italian stocks.

Spain is down 3.4%, and its borrowing costs are spiking to.

Meanwhile, Germany is down 2%.

France is down 2.59%.

For more on the Italian wreck, see here >