Spain In Focus As Market Forgets Italian Crisis

The markets have been under a cloud lately as news from Spain’s banks and government continues to depress perception of Europe as the continent struggles under its sovereign debt crisis and banking difficulties. This time last year the markets were struggling with Europe in the same way except then it was Italy everybody was worried about. So what happened? Did Italy dramatically reduce its debt and move in strides away from its crisis? Or did the shortsightedness and dismal attention span of the media simply drift on? It’s not the first one. In July of last year European leaders met…