Forget Ireland, or for that matter Portugal. It is a default of Spanish sovereign debt that would send seismic shockwaves through the European (re)insurance industry and cause book values to collapse like flimsy high-rise buildings.
Forget Ireland, or for that matter Portugal. It is a default of Spanish sovereign debt that would send seismic shockwaves through the European (re)insurance industry and cause book values to collapse like flimsy high-rise buildings.