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The political turmoil in Spain, based on the allegations that senior Popular Party members – including Spanish PM Mariano Rajoy – received cash from slush funds, made stock exchanges sink, debt interest rates in Spain rise, and complicated Portugal’s return to the markets.
The Rajoy allegations combined with recovery in the polls of former Italian PM Silvio Berlusconi three weeks before general elections in Italy, are two of causes of eurozone debt markets instability, says the business daily.
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