As suggested in the document, if one refers to the blog post Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse!, you will find that not only has Spain apparently fabricated a fairy tale of potential prosperity based upon the projections of the IMF and EC, but the IMF and EC have been nothing but fairy tale projections themselves.
I have been bearish on the Spanish banking system since January of 2009 (reference Reggie Middleton on the New Global Macro - the Forensic Analysis of a Spanish Bank ), and after a trip to the Costa del Sol by way of Málaga during the boom times are shortly thereafter, the reasons should be most obvious.
We now have a rash of new Spanish bank and sovereign research which has returned between 300% and 400% over the last few months.
Needless to say, as the situation in the EU deteriorates upon the widespread dissemination of the knowledge that BoomBustBloggers have been trading off of for quarters now, I feel the options will spike in value significantly!
I invite those who don't subscribe to BoomBustBlog to please be sure to peruse our entire collection of free analysis on the Pan-European Sovereign Debt Crisis.
Subscribers should review the ample Spanish research we have amassed on the crisis, its origins and opportunities avaiable:
Sovereign Debt Exposure of European Insurers and Reinsurers
Euro Bank Soveregn Debt Exposure Final - Pro & Institutional
Euro Bank Soveregn Debt Exposure Final -Retail
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pdf Sovereign Contagion Model - Pro & Institutional (1003.48 kB 2010-05-04 12:30:48) - this is an original tour-de-force, a proprietary model incorporating social unrest/socio-economic stratification, cross border economic contagion, financial contagion transmitted through the banking system, and foreign claims of the myriad players in question in order to ascertain who is at most risk and what order said players may fall, if they will at all.
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pdf Sovereign Contagion Model - Retail (961.43 kB 2010-05-04 12:32:46)
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pdf Banco Bilbao Vizcaya Argentaria SA (BBVA) Addendum - Pro (569.55 kB 2010-01-27 16:52:36)
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pdf Euro Bank Soveregn Debt Exposure Final - Pro & Institutional (934.65 kB 2010-05-13 00:11:32)
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pdf Euro Bank Soveregn Debt Exposure Final -Retail (641.14 kB 2010-05-13 00:10:33)
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pdf Spanish Banking Macro Discussion Note (519.4 kB 2010-02-09 02:48:06)
Please be sure to peruse our entire collection of free analysis on the Pan-European Sovereign Debt Crisis.
pdf Pl Sovereign Contagion Model - Pro & Institutional (1003.48 kB 2010-05-04 12:30:48)
pdf Sovereign Contagion Model - Retail (961.43 kB 2010-05-04 12:32:46)
pdf Banco Bilbao Vizcaya Argentaria SA (BBVA) Addendum - Pro (569.55 kB 2010-01-27 16:52:36)
pdf Euro Bank Soveregn Debt Exposure Final - Pro & Institutional (934.65 kB 2010-05-13 00:11:32)
pdf Euro Bank Soveregn Debt Exposure Final -Retail (641.14 kB 2010-05-13 00:10:33)
pdf Spanish Banking Macro Discussion Note (519.4 kB 2010-02-09 02:48:06)