The French patient

. Marcuard’s Market update by GaveKal Dragonomics By François-Xavier Chauchat As a Frenchman visiting Italy last month, I had the strong sense that for the first time in decades France was lagging

SPAIN: Election result raises political uncertainty

 * ‘Credit negative’ says Moody’s * Spain’s (Baa2 positive) inconclusive parliamentary election has increased political uncertainty and raised doubts about the future government’s ability and willingness to continue with structural reforms and