(Madrid)

While all eyes are on Italy and its political/markets crisis, the answer to the really scary question—will the Eurozone and EU fall apart—might lay in Spain. Italy is going to go down the road it chooses, but the big consternation is really about whether others will follow. To see the extent of the crisis, one needs to follow Spain, which will be holding a no confidence vote for its PM on Friday, with socialists likely to take over in his party’s absence.

FINSUM: If Italy falls, the next domino seems likely to be Spain. If the pair indicate they are leaving the Euro we will probably have a financial crisis unfold.