Markit Recap – 6/15/2015

There are many words synonymous with the European sovereign debt crisis, the portmanteau ‘Grexit’ being the most in vogue. But a word that was thought to have been banished by the ECB – contagion – has returned to the discourse this week.

Spreads in Italy, Spain and Portugal – the peripheral countries most exposed to Greece – have proved largely resistant to credit deterioration