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Spanish Junk

|Includes:EU, EUFX, EUO, iShares MSCI Spain Capped ETF (EWP), FXE

Standard and Poor's downgrade of Catalonia's debt to junk-bond status is not surprising considering that Catalonia is asking for a 5 billion euro bailout from the Spanish national government while demanding that no strings come attached to it. Of course, the Spanish national government isn't exactly in a prime position to lend either; maybe Catalonia should try looking for other methods of raising capital, like growing weed.

Stocks: EWP, EUO, FXE, EU, EUFX